NEBRASKA BANKRUPTCY LAW
Nebraska Bankruptcy:Attorneys, Statistics, Exemptions and Courts.
Nebraska Bankruptcy Statistics: In 2009, 7,557 bankruptcies were filed in Nebraska.& Business bankruptcies accounted for 318 or 4.21% and personal bankruptcies accounted for 7,239 or 95.79% of the total filings.
Nebraska State Bankruptcy Exemptions
The home ("homestead") exemption is limited to $60,000 for a head of household or a married debtor. The homestead cannot exceed 2 lots in a city or town, or 160 acres in a rural area. The profits from the sale of the home are exempt for up to 6 months after the sale.
The following expenses or items are exempt in their entirety in Nebraska:
The following expenses or items are exempt up to a specified limit in Nebraska:
The following individuals' and their survivorsí pension benefits are exempt when filing for bankruptcy in Nebraska:
The following pension types are exempt or partially exempt when filing for bankruptcy in Nebraska:
The following insurance types are entirely or partially exempt when filing for bankruptcy in Nebraska:
The following public benefits are exempt when filing for bankruptcy in Nebraska:
Tools of the trade
This is a separate exemption. The following items have been considered tools of the trade in the state of Nebraska:
In Nebraska, the greater of 75% or more of unpaid, disposable weekly earnings or thirty times the federal hourly minimum wage is exempt. Additionally, a minimum of 85% of earned but unpaid weekly disposable earnings or pension payments.
Any personal property up to $2,500, instead of taking the homestead exemption.
Federal Exemptions: No, debtors are not allowed to take federal exemptions when filing for bankruptcy in Nebraska.
Nebraska Bankruptcy Court: