New Hampshire Bankruptcy
Life is too short to be stuck in old debt. If you’re overwhelmed with debt, talk to a local New Hampshire bankruptcy attorney today about your bankruptcy options.
We can connect you to a New Hampshire bankruptcy lawyer—and we’ll do it at no cost to you. Take the first step today by plugging in your ZIP code below and filling out our 2-minute free bankruptcy evaluation form.
Filing Chapter 7 Bankruptcy in New Hampshire
Have you been thinking about filing for Chapter 7 bankruptcy to help relieve your financial stress? If so, it may be wise to learn a bit about how the regulations of New Hampshire’s bankruptcy courts may affect your case.
Here at Chapter7.com, we provide you with an overview of New Hampshire’s Chapter 7 bankruptcy exemptions so that you have an idea of what to expect from your case. Make the first step and get connected with a New Hampshire bankruptcy lawyer today by filling out the above form or by calling us at 877-226-6844.
New Hampshire’s Chapter 7 Bankruptcy Exemptions
As you may know, Chapter 7 bankruptcy is also called a “liquidation” bankruptcy because your bankruptcy trustee can liquidate (sell to raise cash) your non-exempt belongings. This means that your trustee can pay off some of your debts by selling some of your possessions-–but not all of them.
To get an idea of which of your belongings are off-limits for the liquidation sale, take a look at the handy list below.
Homestead: A residence worth up to $100,000.
Wages: Fifty times the federal minimum hourly wage per week.
Vehicle: One automobile worth up to $4,000 is exempt.
Personal Property: The following miscellaneous items are exempted:
- 100 percent of necessary clothing and bedding.
- Up to $3,500 worth of household furniture.
- One stove, one refrigerator, kitchen utensils, service uniforms, one sewing machine.
- Up to $400 worth of provisions and fuel.
- Up to $800 worth of Bibles, school books and library books.
- Up to $5,000 worth of trade tools.
- One hog, one pig, six sheep and one cow or horse.
- One church pew and burial plot.
- $500 worth of jewelry.
- Up to $1,000 worth of other property.
- Up to $7,000 worth of unused exemptions to be used on other items.
Questions? Consult a New Hampshire Chapter 7 Bankruptcy Lawyer
If you’re still scratching your head after reading that list, don’t worry. A New Hampshire bankruptcy lawyer can help you figure out how much your possessions are worth, how to interpret the wording of the exemptions and even how to file your paperwork with the bankruptcy court.
And finding a bankruptcy lawyer who’s practicing in your area of New Hampshire has never been easier. Just call us at 877-226-6844 or fill out the above free case evaluation form and we’ll put you in touch with a New Hampshire bankruptcy attorney today.
Note: Keep in mind all laws are complex. If you need legal advice or want to fully understand how these laws affect you, please speak with a local attorney.
Laws may have changed since our last update. For the latest information on your state’s bankruptcy laws, speak to a local bankruptcy lawyer.