Nebraska State Bankruptcy Exemptions
Laws That Keep Your Creditors' Hands Off Your Property
Updated April 2008 - Exemptions are laws passed by every state that allow you to protect certain
types of your property from your creditors when you file bankruptcy-such as
your home, car, pensions and IRAs, motor vehicles, clothing, tools, and other
important property. Nebraska law provides a number of exemptions that protect
your property, and your attorney will be able to advise you on which exemptions
are best for you.
Homestead
$60,000 homestead exemption.
Wages
15 percent as head of household; maximum of 25 percent available if not head of household.
.
Automobiles
$2,400 if used in principal trade or business or to commute to and from principal place of trade or business.
Other Property
$2,500 in any personal property; 100 percent of debtor's interest, not to exceed $1,500, household possessions; up to $2,400 in implements, tools, or professional books or supplies held for use in a principal trade or business, which may include one motor vehicle (see above); and 100 percent of the debtor's interest in any professionally prescribed health aids.
Note: Exemptions may have changed since our last update.
» Read the complete Nebraska bankruptcy
exemptions here
» Back to Bankruptcy Laws In Your State