Nebraska Bankruptcy Exemptions

On this page you can find all of the exemptions for Nebraska. Exemptions are the property that you can keep when you file bankruptcy.

CATEGORY
PROPERTY
AMOUNT
STATUTE
Homestead
Homestead of resident debtor (either head of family or 65 years or older)
$60,000 (160 acres or 2 lots if in city)
Neb. Rev. Stat. §§ 40-105 & 40-118
Wild Card
Personal property of resident debtor
$2,500 (Does not apply to wages)
Neb. Rev. Stat. § 25-1552
Wages / Wage Garnishment
Disposable earnings (earnings less deductions required by law)
75% OR 85% for head of family OR 30 times the federal minimum hourly wage per week, WHICHEVER IS GREATER
Neb. Rev. Stat. § 25-1558
Insurance
Fraternal insurance benefits
100%
Neb. Rev. Stat. § 44-1089
Insurance
Annuity contract benefits for annuities established more than 3 years prior to filing bankruptcy
$100,000
Neb. Rev. Stat. § 44-371
Insurance
Benefits of accident or health insurance policies
100%
Neb. Rev. Stat. § 44-371
Insurance
Proceeds, avails, cash values & other benefits of life insurance policies not payable to insured’s estate and established for more than 3 years
$100,000 on loan or cash value 100% of proceeds
Neb. Rev. Stat. § 44-371, 44-1089
Personal Property
Proceeds or benefits from structured settlement of personal injury claim
100%
Neb. Rev. Stat. § 25-1563.02
Personal Property
Burial lots
100%
Neb. Rev. Stat.§§ 12-517, 12-520, 12-605
Personal Property
Professionally prescribed health aids of debtor or dependents
100%
Neb. Rev. Stat. § 25-1556
Personal Property
Household furnishings, goods, computers & appliances, books or musical instruments held primarily for personal, family, or household use
S1500
Neb. Rev. Stat. § 25-1556
Personal Property
Necessary wearing apparel of resident debtor & family
100%
Neb. Rev. Stat. § 25-1556
Personal Property
Immediate personal possessions of resident debtor & family
100%
Neb. Rev. Stat. § 25-1556
Personal Property
Perpetual Care Funds
100%
Neb. Rev. Stat. § 12-511
Pensions / Retirement Accounts
School employees' & teachers' retirement benefits
100%
Neb. Rev. Stat. § 79-948
Pensions / Retirement Accounts
Safety patrolmen's retirement benefits
100% (Spouse's QDRO benefits excepted)
Neb. Rev. Stat. § 81-2032
Pensions / Retirement Accounts
County employees' retirement benefits
100% (Spouse's QDRO benefits excepted)
Neb. Rev. Stat. § 23-2322
Pensions / Retirement Accounts
State employees' retirement benefits
100% (Spouse's QDRO benefits excepted)
Neb. Rev. Stat. § 84-1324
Pensions / Retirement Accounts
Deferred Compensation of Public Employees
100%
Neb. Rev. Stat. § 48-1401
Pensions / Retirement Accounts
Property of resident disabled veterans purchased or improved with pension money
$2,000
Neb. Rev. Stat. § 25-1559
Pensions / Retirement Accounts
Retirement benefits under Judges' Retirement Act
100% (QDRO benefits excepted)
Neb. Rev. Stat. § 24-710.02
Pensions / Retirement Accounts
Pensions of resident disabled veterans
100%
Neb. Rev. Stat. § 25-1559
Pensions / Retirement Accounts
Interest of debtor or dependent in stock bonus, pension, profit sharing, or similar retirement plan qualified under Internal Revenue Code. Includes IRAs. See Novak v. Novak, 245 Neb. 366, 513 N.W. 2d 303 (1994).
Amount reasonably necessary for the support of the debtor and dependents
Neb. Rev. Stat. § 25-1563.01
Tools of the Trade
Implements, tools, or professional books or supplies used in principal trade or business of debtor or family, including one motor vehicle used in or to commute to principal trade or business
$2,400
Neb. Rev. Stat. § 25-1556
Public Benefits
Unemployment compensation benefits
100% (child support excepted)
Neb. Rev. Stat. § 48-647
Public Benefits
Assistance to aged, blind & disabled (welfare benefits)
100%
Neb. Rev. Stat. § 68-1013
Public Benefits
General Assistance to Poor Persons
100%
Neb. Rev. Stat. § 68-148
Public Benefits
Workmen's compensation benefits
100% (child support excepted)
Neb. Rev. Stat. § 48-149
Miscellaneous
Specific partnership property
100% of partner's interest
Neb. Rev. Stat. §§ 67-411 & 430
Miscellaneous
Cash deposits under Motor Vehicle Safety Responsibility Act
100%
Neb. Rev. Stat. § 60-550
Miscellaneous
Earned income tax credit
100%
Neb. Rev. Stat. § 25-1553
Miscellaneous
Proceeds of sale of homestead for 6 months after sale
$60,000
Neb. Rev. Stat. § 40-116

If you want to learn more about filing bankruptcy in Nebraska please visit our FAQ Page or for more information about Nebraska you can visit the Nebraska section.