North Carolina Bankruptcy Exemption Information
In bankruptcy cases, it is the trustee's job to evaluate the claimants' property to see if there are assets available under the law for liquidation. Learn which assets are likely to be exempt with our quick reference guide, which lists some of the most frequently claimed North Carolina bankruptcy exemptions.
Homestead
$10,000 in real property or personal property used as a residence.
Wages
60 days earnings if needed to support family.
Automobiles
$1,500 in value of one motor vehicle.
Other Property
The debtor's aggregate interest in any property, not to exceed $3,500 less
any amount claimed under the homestead exemption; $3,500 in value for the
debtor plus $750 for each dependent of the debtor, not to exceed $3,000
total for dependents, in household furnishings, household goods, clothing,
appliances, books, animals, crops, or musical instruments; the debtor's
aggregate interest, not to exceed $750 in value, in any implements,
professional books, or tools of the trade.
Note: Exemptions may have changed since our last update.
» Read the complete North Carolina
bankruptcy exemptions here
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