New Hampshire State Exemption List
Only the State Exemptions Allowed
In the state of New Hampshire, you may choose only the state exemptions. The state of New Hampshire has identified a list of personal property, wages, pensions, and public benefits that will not be part of the bankruptcy process in hopes of leaving individuals enough assets to start over after filing bankruptcy.
There may be certain supplemental exemptions that are allowed and there may be certain residency requirements to be able to use the New Hampshire state exemption list. Not all of your assets will have a matching exemption on the list.
This information is general in nature and it is important to talk to a New Hampshire Bankruptcy Attorney prior to filing for bankruptcy.
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Exemptions
|
Exemption Amount
|
Statutes
|
Homestead
|
Real property, or manufactured home, up to $100,000. |
480:1 |
| Personal Property |
Clothing; beds, bedding and cooking utensils; furniture up to $3,500; Refrigerator, cooking stove, and heating stove; sewing machine; provisions and fuel up to $400; books up to $800; 1 hog and 1 pig, or pork if already slaughtered; 6 sheep and their fleeces; 1 cow, and hay up to 4 tons; domestic fowls up to $300; church pew; automobile up to $4,000; jewelry up to $500; any property up to $1,000; and burial plot or lot: Also up to $7,000 in any property for any unused amounts allowed for tools of trade, jewelry, furniture, books, food & fuel, or motor vehicle.
Proceeds for lost or destroyed exempt property. |
511:2
512:21 |
Wages |
Earned but unpaid wages of debtor and spouse; payroll account deposits when designated as such; 50 times the federal minimum hourly wage per week; jury and witness fees; wages of a minor child. |
512:21 |
Pensions |
Tax exempt retirement accounts; Traditional and Roth IRAs up to $1,095,000 per person.
Public employees.
Police officers.
Firefighters.
Federally created pensions accruing.
ERISA-qualified, IRA and Roth IRA retirement accounts |
11 U.S.C. § 522
100A:26
103:18
102:23
512:21
512.2 |
Public Benefits |
Public assistance; aid to blind, aged, and disabled.
Workers' compensation.
Unemployment compensation. |
167:25
281A:52
282A:159 |
Tools of Trade |
Tools of trade up to $5,000; arms, uniforms, and equipment of a military member; 1 yoke of oxen or horse needed for farming or teaming. |
511:2 |
Insurance |
Firefighters' aid insurance.
Fraternal benefit society benefits.
Homeowners' insurance proceeds up to $5,000. |
402:69
418:17
512:21 |
Miscellaneous |
Business partnership property. |
304A:25 |
There are certain debts such as deeds of trust, taxes. And mortgages which will not be discharged by filing bankruptcy. Failure to pay these debts will allow the lender the right to pursue legal debt collection efforts.