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.
| ASSET | EXEMPTION | LAW |
|---|---|---|
| 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.
Back to all State Bankruptcy Exemptions
Go to Complete State of New Hampshire bankruptcy exemptions laws.
Go to Federal Bankruptcy Exemptions
New Hampshire Bankruptcy Court links :
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