NC Bankruptcy Exemptions
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FEDERAL BANKRUPTCY EXEMPTIONS ARE NOT AVAILABLE
All Bankruptcy law references are to North Carolina bankruptcy code unless noted. |
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ASSET |
EXEMPTION |
LAW PROVISION |
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HOMESTEAD
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Real or personal property, including co-op, used as residence to $18,500; up to $5000 of unused portion of homestead may be applied to any property
Property held as tenancy by the entirety may be exempt against debts owed by only one spouse |
1C-1601(a)(1), (2)
In re Crouch, 33 B. R. 271
(E. D. N. C. 1983) |
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INSURANCE |
Employee group life policy or proceeds
Fraternal benefit society benefits |
58-58-165
58-24-85 |
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MISC. |
Property of business partnership |
59-55 |
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PENSIONS |
Firefighters & rescue squad workers
Law enforcement officers
Legislators
Municipal, city & county employees
Teachers & state employees |
58-86-90
143-166.30(g)
120-4.29
128-31
135-9, 135-95 |
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PERSONAL PROPERTY |
Animals, crops, musical instrument, books, clothing, appliances, household goods & furnishings to $5,000 total; may add $1,000 per dependent, up to $4000 total
Burial plot to $18,500, in lieu of homestead
Health aids
Motor vehicle to $3,500
Personal injury recoveries for person you depended on
Wrongful death recoveries for person you depended on |
1C-1601(a)(4)
1C-1601(a)(1)
1C-1601(a)(7)
1C-1601(a)(3)
1C-1601(a)(8)
1C-1601(a)(8) |
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PUBLIC BENEFITS |
AFDC, special adult assistance
Aid to blind
Crime victims’ compensation
Unemployment compensation
Workers’ compensation |
108A-36
111-18
15B-17
96-17
97-21 |
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TOOLS OF TRADE |
Implements, books & tools of trade to $2,000 |
1C-1601(a)(5) |
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WAGES |
Earned but unpaid wages received 60 days before filing for bankruptcy, needed for support |
1-362 |
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WILD CARD |
$5,000 less any amount claimed for homestead or burial exemption, of any property |
1C-1601(a)(2) |
NC Bankruptcy Courts
See the list below for Bankruptcy Courts by District. Click on the District link to go directly to that Bankruptcy Court's web site.
| BANKRUPTCY COURTS |
NUMBER OF COPIES |
Eastern District
P.O. Drawer 2807
Wilson, NC 27894-2807
Telephone: (919) 237-0248
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contact clerks office |
Middle District
P.O. Box 26100
Greensboro, NC 27420-6100
Telephone: (910) 333-5647
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contact clerks office
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Western District
Post Office Box 34189
Charlotte, North Carolina 28234-4189
401 West Trade Street
Charlotte, NC 28202
Telephone: (704) 350-7500
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contact clerks office
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