New Hampshire Bankruptcy Exemptions
The chart below contains a summary of New Hampshire state bankruptcy exemptions and other relevant statutory laws. Click here for complete State of New Hampshire bankruptcy exemptions laws.
Note: Federal bankruptcy exemptions are available.
Click here for Federal Bankruptcy Exemptions
Personal exemptions allowed by New Hampshire Bankruptcy Laws
Note: Under the 2005 bankruptcy law, almost all types of tax-exempt retirement accounts are exempt in bankruptcy whether state or Federal exemptions are used. Exemptions for 401(k)s, 403(b)s, profit-sharing and money purchase plans, and defined benefit plans include the entire account amounts. However, with traditional and Roth IRAs, the exemption is limited to a total value of $1,171,650 per person for all accounts held by the debtor (not per account). The total value amount is adjusted every three years for inflation. The relevant statutes: 11 U.S.C. §522(d)(12) for Federal bankruptcy exemptions; 11 U.S.C. §522(b)(3)(C) for state bankruptcy exemptions.
|New Hampshire Homestead||Real property or manufactured housing (plus land it occupies of owned by debtor) to $100,000||480:1|
|Wages||50 times the Federal minimum hourly wage per week; deposits in any designated payroll account; earned but unpaid wages of spouse||512:21(II); 512:21(XI); 512:21(III)|
|Automobile||Up to $4,000||511:2(XVI)|
|Other property||Homeowners’ insurance proceeds to $5,000||512:21(VIII)|
|Wages of minor child||512:21(III)|
|Furniture to $3,500||511:2(III)|
|Cooking and heating stoves, refrigerator||511:2(IV)|
|Jewelry to $500||511:2(XVII)|
|Tools of occupation to $5,000||511:2(IX)|
|Wildcard||$1,000 of any property||511:2(XVIII)|
|Unused portion of bibles and books; food and fuel; furniture; jewelry; motor vehicle; and tools of trade exemptions to $7,000||511:2(XVIII)|
Note: While this reference information is current as of August 2010, it may not reflect the most up-to-date exemption figures on official state of New Hampshire bankruptcy court statutes.