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ABOUT CHAPTER 7
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THE CHAPTER 7 DISCHARGE
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HOW CHAPTER 13 WORKS
THE CHAPTER 13 DISCHARGE
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North Carolina Bankruptcy Exemptions  NC Bankruptcy Exemptions

FEDERAL BANKRUPTCY EXEMPTIONS ARE NOT AVAILABLE
All Bankruptcy law references are to North Carolina bankruptcy code unless noted.

ASSET

EXEMPTION

LAW PROVISION

HOMESTEAD

Real or personal property, including co-op, used as residence to $35,000; $60,000 if the debtor is age 65 or older

Property held as tenancy by the entirety may be exempt against debts owed by only one spouse

1C-1601(a)(1), (2)

 

In re Crouch, 33 B. R. 271

(E. D. N. C. 1983)

INSURANCE

Employee group life policy or proceeds

Fraternal benefit society benefits

58-58-165

58-24-85

MISC.

Property of business partnership

59-55

PENSIONS

Firefighters & rescue squad workers

Law enforcement officers

Legislators

Municipal, city & county employees

Teachers & state employees

58-86-90

143-166.30(g)

120-4.29

128-31

135-9, 135-95

PERSONAL PROPERTY

Animals, crops, musical instrument, books, clothing, appliances, household goods & furnishings to $5,000 total; may add $1,000 per dependent, up to $4000 total

Burial plot to $35,000, in lieu of homestead

Health aids

Motor vehicle to $3,500

Personal injury recoveries for person you depended on

Wrongful death recoveries for person you depended on

1C-1601(a)(4)





1C-1601(a)(1)

1C-1601(a)(7)

1C-1601(a)(3)

1C-1601(a)(8)


1C-1601(a)(8)

PUBLIC BENEFITS

AFDC, special adult assistance

Aid to blind

Crime victims’ compensation

Unemployment compensation

Workers’ compensation

108A-36

111-18

15B-17

96-17

97-21

TOOLS OF TRADE

Implements, books & tools of trade to $2,000

1C-1601(a)(5)

WAGES

Earned but unpaid wages received 60 days before filing for bankruptcy, needed for support

1-362

WILD CARD

$5,000 less any amount claimed for homestead or burial exemption, of any property

1C-1601(a)(2)



North Carolina bankruptcy courts  NC Bankruptcy Courts
See the list below for Bankruptcy Courts by District. Click on the District link to go directly to that Bankruptcy Court's web site.

BANKRUPTCY COURTS NUMBER OF COPIES
Eastern District
P.O. Drawer 2807
Wilson, NC 27894-2807
Telephone: (919) 237-0248

contact clerks office
Middle District
P.O. Box 26100
Greensboro, NC 27420-6100
Telephone: (910) 333-5647

contact clerks office
Western District
Post Office Box 34189
Charlotte, North Carolina 28234-4189

401 West Trade Street
Charlotte, NC 28202
Telephone: (704) 350-7500

contact clerks office

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