New Hampshire Bankruptcy Exemptions

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The Essential New Hampshire Bankruptcy Information Guide

New Hampshire Bankruptcy Exemptions

BANKRUPTCY FEDERAL EXEMPTIONS ARE AVAILABLE.
All law references are to New Hampshire Bankruptcy Code.

All property of the debtor at the time of the filing for bankruptcy (and certain other property to be received in the future) becomes the property of the bankruptcy estate once bankruptcy is filed. This means that the bankruptcy trustee will take control of this property for purposes of satisfying the creditors. HOWEVER, there is certain property which is either excluded or exempt which the debtor will be able to keep. Property or asset exemption are determined based upon your specific situation, personal income and the individual laws of your state.

The best way to determine which property you will be entitled to keep requires a detailed analysis of your unique and personal situation. Although the following Federal and State Bankruptcy Asset Exemption is provided for your information, we highly recommend Finding a Good Bankruptcy Attorney to help guide you through the Bankruptcy Process.

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New Hampshire Bankruptcy Exemptions

All law references are to New Hampshire Bankrutcy Code.

Federal Exemptions are available

ASSET

EXEMPTION DESCRIPTION

LAW SECTION

Homestead

Real property or manufactured housing (if you own the land it’s on) to $50,000

480:1

Insurance

Firefighters’ aid insurance

Fraternal benefit society benefits

Homeowners’ insurance proceeds to $5000

402:69

418:24

512:21 (VIII)

Miscellaneous

Child support

Jury, witness fees

Property of business partnership

Wages of minor child

161-C-11

512:21 (VI)

304A:25

512:21 (III)

Pensions

Federally created pension (only benefits building up)

Firefighters

Police officers

Public employees

512:21 (IV)

102:23

103:18

100A:26

Personal Property

Automobile to $4000

Beds, bedsteads, bedding & cooking utensils needed

Bibles & books to &800

Burial plot, lot

Church pew

Clothing needed

Cooking & heating stoves, refrigerator

Cow, 6 sheep or fleece; 4 tons of hay

Domestic fowl to $300

Food and fuel to $400

Furniture to $3500

Hog, pig or pork (if already slaughtered)

Jewelry to $500

Proceeds for lost or destroyed exempt property

Sewing machine

511:2(XVI)

511:2(II)

511:2(VIII)

511:2(XIV)

511:2(XV)

511:2(I)

511:2(IV)

511:2(XI), (XII)

511:2(XIII)

511:2(VI)

511:2(III)

511:2(X)

511:2(XVII)

512:21(VIII)

511:2(V)

Public Benefits

Aid to blind, aged, disabled, AFDC

Unemployment compensation

Workers’ compensation

167:25

282A:159

281A:52

Tools of Trade

Tools of your occupation to $5000

Uniforms, arms & equipment of military member

Yoke of oxen or horse needed for farming or teaming

511:2(IX)

511:2(VII)

511:2(XII)

Wages

Earned but unpaid wages; judge decides amount exempt based on a percentage of the federal minimum wage

Earned but unpaid wages of spouse

512:21(II)

512:21(III)

Wild Card

None

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