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ASSET
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EXEMPTION DESCRIPTION
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LAW SECTION
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Homestead
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Real or personal property, including co-op, used as residence to
$10,000; up to $3500 of unused homestead may be applied to
any property
Property held as tenancy by the entirety may be exempt against debts
owed by only one spouse
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1C-1601(a)(1), (2)
In re Crouch, 33 B. R. 271
(E. D. N. C. 1983)
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Insurance
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Employee group life policy or proceeds
Fraternal benefit society benefits
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58-58-165
58-24-85
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Miscellaneous
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Property of business partnership
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59-55
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Pensions
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Firefighters & rescue squad workers
Law enforcement officers
Legislators
Municipal, city & county employees
Teachers & state employees
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58-86-90
143-166.30(g)
120-4.29
128-31
135-9, 135-95
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Personal Property
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Animals, crops, musical instrument, books, clothing, appliances,
household goods & furnishings to $3500 total; may add $750 per
dependent, up to $3000 total additional
Burial plot to $10,000, in lieu of homestead
Health aids
Motor vehicle to $1500
Personal injury recoveries for person upon whom the you were dependent for support
Wrongful death recoveries for person upon whom the you were dependent for support
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1C-1601(a)(4)
1C-1601(a)(1)
1C-1601(a)(7)
1C-1601(a)(3)
1C-1601(a)(8)
1C-1601(a)(8)
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Public Benefits
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AFDC, special adult assistance
Aid to blind
Crime victims’ compensation
Unemployment compensation
Workers’ compensation
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108A-36
111-18
15B-17
96-17
97-21
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Tools of Trade
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Implements, books & tools of trade to $750
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1C-1601(a)(5)
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Wages
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Earned but unpaid wages received 60 days before filing for
bankruptcy, needed for support
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1-362
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Wild Card
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$3500 less any amount claimed for homestead or burial exemption, of
any property
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1C-1601(a)(2)
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