New Jersey Bankruptcy Exemption Information
If you are acting as trustee in a bankruptcy case, among your primary responsibilities is evaluating the claimant's property to see if any assets are available for liquidation. Many of those that aren't can be found on our quick reference page, which lists some of the most commonly claimed New Jersey bankruptcy exemptions.
Homestead
No specific homestead exemption.
Wages
90% of earned but unpaid wages if income under $7500; if income over $7500,
judge decides amount that is exempt.
Automobiles
No specific automobile exemption.
Other Property
Furniture and household goods up to $1,000 in value; burial plots; clothing;
other personal property up to $1,000 in value.
Note: Exemptions may have changed since our last update.
» Read the complete New Jersey
bankruptcy exemptions here
» Click Here to read the Federal bankruptcy
exemptions.
» Back to Bankruptcy Laws In Your State