Nebraska Bankruptcy Forms - NE Bankruptcy Exemptions and Court Information

FEDERAL BANKRUPTCY EXEMPTIONS ARE NOT AVAILABLE All Bankruptcy law references are to Revised Statutes of Nebraska unless noted.
ASSET	EXEMPTION	LAW PROVISION
HOMESTEAD	$12,500; cannot exceed 2 lots in city or village, 160 acres elsewhere; sale proceeds exempt 6 months after sale May record homestead declaration	40-101, 40-111, 40-113 40-105
INSURANCE	Fraternal benefit society benefits to $10,000 loan value Disability benefits to $200 per month. Life insurance or annuity contract proceeds to $10,000 loan value	44-1089 44-754 44-371
MISCELLANEOUS	Property of business partnership	67-325
PENSIONS	County employees ERISA-qualified benefits needed for support Military disability benefits to $2000 School employees State employees	23-2322 25-1563.01 25-1559 79-1060, 79-1552 84-1324
PERSONAL PROPERTY	Burial plot Clothing needed Crypts, lots, tombs, niches, vaults Food and fuel to last 6 months Furniture & kitchen utensils to $1500 Perpetual care funds Personal injury recoveries Personal possessions	12-517 25-1556 12-605 25-1556 25-1556 12-511 25-1563.02 25-1556
PUBLIC BENEFITS	Aid to disabled, blind, aged, AFDC Unemployment compensation Workers’ compensation	68-1013 48-647 48-149
TOOLS OF TRADE	Equipment or tools to $2,400 (Can include motor vehicle used for work or to commute to and from workplace.) Husband and wife may double	25-1556 In re Keller, 5 0 B.R. 23 (D.Neb. 1985)
WAGES	Minimum 85% of earned but unpaid wages or pension payments for head of family; 75% for all others; bankruptcy judge may authorize more for low-income debtors	25-1558
WILD CARD	$2500 of any personal property, except wages, in lieu of homestead	25-1552

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