North Dakota Bankruptcy Laws

Homestead

Debtor's residential home and land over it is exempted up to the extent of $ 80,000. And $ 7,500 in lieu of homestead.

Wages

Earnings of the person up to the extent of 60 days if reasonably required for support of the debtor or his/her dependent. And disposable earnings up to 75% or 40 times the federal minimum hourly wage rate whichever will be the greater.

Personal Property

Personal property is exempted up to the extent of $ 2,500. And $ 5,000 if the person has any reasonable claim.

Automobile

One vehicle up to the extent of $ 1,200. And a sum of $ 32,000 for vehicle modified for disabled person.

Household and Kitchen Furniture

Household and Kitchen furniture up to the extent of $ 1,000.

Professional Tools of Mechanic

Tools, implements of mechanic required in carrying on trade or profession is exempted up to the extent of $ 1,000.

Professional Books and Implements

Professional Books and Implements are exempted up to the extent of $ 1,000.

Payments on Wrongful Death or Bodily Injury

Amount convincingly reasonable as compensation debtor & dependents up to the extent of $ 7,500 not including pain and suffering or pecuniary loss.