Nebraska Bankruptcy Exemptions
Homestead
40-101 - For head of household or married debtor, $12,500, but cannot exceed
2 lots in a city or 160 acres elsewhere. Sale proceeds are exempt for 6
months (40-113).
Personal Property
8-1 - Health and medical savings accounts up to $25,000.
12-511 - Perpetual care funds.
12-517 - Burial plot.
12-605 - Tombs, crypts, lots, niches, and vaults.
25-1552 - $2,500 of any property except wages, in lieu of homestead.
25-1556 - Health aids, personal possessions; clothing, furniture, household
electronics, personal computers, musical instruments, appliances, and books
up to $1,500;.
25-1563.02 - Recovery for personal injuries.
Wages
25-1558 - For head of family, minimum 85% of earned but unpaid weekly
earnings or pension payments. For all others, the greater of the following:
30 times the federal minimum hourly wage or 75% of earned but unpaid
earnings. Judge may approve more for low income debtor.
Pensions
11 U.S.C. § 522 - Tax exempt retirement funds; Traditional and Roth IRAs up
to $1,095,000 per person.
23-2322 - County employees.
25-1559 - Military disability benefits.
25-1563.01 - ERISA-qualified benefits needed for support including IRAs and
Roth IRAs.
48-1401 - Public employees' deferred compensation.
79-948 - School employees.
84-1324 - State employees.
Public Benefits
48-149 - Workers' compensation.
48-647 - Unemployment compensation.
68-148 - General assistance to the poor.
68-1013 - Aid to blind, aged, and disabled; public assistance.
Tools of Trade
25-1556 - Tools or equipment up to $2,400. (Subject to doubling) (Can
include motor vehicle used for work or to commute to and from workplace.)
Insurance
44-371 - Life insurance or annuity contract proceeds up to $100,000 loan
value.
44-1089 - Fraternal benefit society benefits up to loan value of $100,000
unless the beneficiary was convicted of a crime related to the benefits.