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What are the Nebraska Bankruptcy Exemptions?


When filing for bankruptcy in Nebraska, it is important to be aware of the state's exemptions. Bankruptcy exemptions are designed to protect certain types of assets from being taken away in the bankruptcy process. Knowing which items are exempt and which are not can save you a lot of time, money and hassle.


The Nebraska bankruptcy laws allow filers to keep some or all of their property when they file for bankruptcy by listing their assets as exempt on their petition. Exemptions cover such items as homesteads, motor vehicles, furniture and household goods, jewelry, tools of the trade, retirement accounts, wages and public benefits like Social Security or unemployment compensation.




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