|
ASSET
|
EXEMPTION DESCRIPTION
|
LAW SECTION
|
|
Homestead
|
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
|
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
|
|
Miscellaneous
|
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 $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
|
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 $750
|
1C-1601(a)(5)
|
|
Wages
|
Earned but unpaid wages received 60 days before filing for
bankruptcy, needed for support
|
1-362
|
|
Wild Card
|
$3500 less any amount claimed for homestead or burial exemption, of
any property
|
1C-1601(a)(2)
|
