NEW HAMPSHIRE BANKRUPTCY LAW
New Hampshire Bankruptcy: Attorneys, Statistics, Exemptions and Courts.
New Hampshire Bankruptcy Statistics: In New Hampshire, in 2009, 5,233 bankruptcies were filed. Business bankruptcies accounted for 542 or 10.36% and personal bankruptcies accounted for 4,691 or 89.64% of the total filings.
New Hampshire State Bankruptcy Exemptions
The home (“homestead”) exemption is limited to $100,000. New Hampshire defines “homestead” to include real property or manufactured housing, and the land on which it is located, provided you own the land.
The following expenses or items are exempt in their entirety in New Hampshire:
The following expenses or items are exempt up to a specified limit in New Hampshire:
The following individuals’ and their survivors’ pension benefits are exempt when filing for bankruptcy in New Hampshire:
The following pension types are exempt or partially exempt when filing for bankruptcy in New Hampshire:
The following types of insurance are entirely or partially exempt when filing for bankruptcy in New Hampshire:
The following public benefits are exempt when filing for bankruptcy in New Hampshire:
Tools of the trade
“Tools of the trade” is a separate exemption in New Hampshire. The following items qualify as tools of the trade in New Hampshire:
In New Hampshire, fifty times the weekly federal hourly minimum wage, or earned but unpaid wages of the debtor’s spouse.
The following miscellaneous items are exempt in New Hampshire:
Any property up to $1,000. In addition, the unused portion of Bibles and books, furniture, motor vehicle, jewelry, food and fuel, and tools of the trade exemptions limited to $7,000 qualifies as a Wildcard exemption.
Federal Exemptions: No, debtors are not allowed to take federal exemptions when filing for bankruptcy in New Hampshire.
New Hampshire Bankruptcy Court: