What are the Nebraska Bankruptcy Exemptions?

The Nebraska Bankruptcy Exemptions are an important part of the bankruptcy process for those filing in the state. This exemption list allows debtors to keep certain assets and property even though they have filed for bankruptcy. Knowing what these exemptions are can help anyone filing for bankruptcy understand what type of assets they will be able to retain after their filing is complete.

Under the Nebraska Bankruptcy Exemptions, many types of personal property are protected from creditors including clothing, books, appliances, furniture, jewelry up to a certain value amount, and most tools used in one’s trade or profession. Additionally, some equity in a home may be exempt as well as burial plots and pre-paid funeral expenses up to $25,000. Other items such as alimony or child support payments that are due may also be exempt from creditors after filing for bankruptcy.

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