New Hampshire bankruptcy laws allow the debtor declared as bankrupt to use federal supplemental exemptions along with the state specific exemptions. However, you cannot substitute the state specific exemptions completely with the federal exemptions set. New Hampshire bankruptcy district court is located in Manchester.
Properties Exemptions Under The New Hampshire Bankruptcy Laws
As per the New Hampshire bankruptcy laws, following are the properties and their specific details that can be exempted by the debtor declared as bankrupt by any of the New Hampshire bankruptcy district courts:
•The homestead Exemptions include all types if real and manufactured properties up to fifty thousand dollars in value.
•As per the New Hampshire bankruptcy laws, the insurance exemptions include Fraternal benefit society benefits and Firefighters’ aid insurance. What is more, the Homeowners’ insurance proceeds up to five thousand dollars are also exemptible.
•Exemptible miscellaneous properties include properties that you are using in a business partnership, Wages of minor child, Jury, witness fees, and any type of Child support fund or benefits.
•Pension funds are exempted under the New Hampshire bankruptcy laws, but only following individuals are eligible for such exemptions.
◦Public employees
◦Police officers
◦Firefighters
•The New Hampshire bankruptcy laws have also included federally created pension as exemptible.
•Under personal properties exemptions, cars ort motor vehicles are exempted up to four thousand dollars.
•Bibles and books have especially been included under the exemptible personal properties. The maximum amount exemptible in this regard is eight hundred dollars.
•Domestic fowl up to three hundred dollars can also be exempted as per the New Hampshire bankruptcy laws.
•Furniture is exempted up to 3500 dollars and jewelry up to five hundred dollars.
•You can also exempt tools of your occupation up to five thousand dollars in value.
•Wild Card exemptions are not allowed as per the New Hampshire bankruptcy laws.