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Bankruptcy Exemption Lawyer in New Hampshire

One fear many people associate with bankruptcy is the fear of losing all they own and have worked so hard to obtain. While bankruptcy is disruptive and can result in the loss of all kinds of property, there are many state and federal exemptions that allow you to keep certain property and assets. The exemptions you may qualify for depend on the type of bankruptcy you file and your unique financial situation. The Bankruptcy Attorneys at The Law Office of Joseph M. Annutto can help determine what exemptions you may qualify for and what you can expect as the bankruptcy process unfolds.

Types of Exemptions

There are state and federal exemptions in New Hampshire. Our lawyers will determine which is best to seek in your case. Married couples filing for bankruptcy jointly can double the amount of exemptions they seek. Some of the most common exemptions in New Hampshire include:

  • Homestead or residential property exemption, up to $100,000 of home equity
  • Personal property such as clothing, beds, bedding, stove, refrigerator, sewing machine, and $3,500 worth of furniture
  • $400 worth of fuel
  • Military uniforms or equipment
  • Books
  • Livestock such as 1 pig, 1 hog, 6 sheep, 1 cow, 1 oxen, $300 worth of fowl
  • $500 worth of jewelry
  • Tools of your trade up to $5,000
  • Insurance policies
  • Unemployment and workers compensation benefits
  • Other forms of public assistance
  • Tax exempt retirement accounts

Experienced Bankruptcy Exemption Attorney

The exemptions must be sought by the filer. It is important to have an experienced bankruptcy attorney by your side to explain specific exemptions and how best to protect the assets you have worked so hard to earn. The Law Office of Joseph M. Annutto can provide information and evaluate the assets you have. We will work diligently to protect what you have and help you secure the fresh financial start you deserve. Contact us today to speak with one of our experienced bankruptcy exemption attorneys.