A debtor generally may claim exemption of his homestead up to a value allowed by law and certain personal property from execution of a judgment against him or in a bankruptcy proceeding.
Nebraska statutes permits every citizen to claim exemption from execution or attachment his homestead up to a value of twelve thousand five hundred dollars ($12,500.00), (Section 40-101),
Some of the property which may be subject to exemption includes:
The immediate personal possessions of the debtor and his family;
Wearing apparels, household furniture and furnishings up to an aggregate fair market value of one thousand five hundred dollars ($1,500.00);
Books or tools of trade or automobile up to an aggregate fair market value of two thousand four hundred dollars ($2,400.00). (Section 25-1556.);
Insurance annuity contracts insurance proceeds and cash surrender value, $10,000;
Fraternal society benefits, $10,000;
Military pensions, $2,000;
Tools of trade, $2,400;
Wild card - personal property, $2,500.
Nebraska statutes permits every citizen to claim exemption from execution or attachment his homestead up to a value of twelve thousand five hundred dollars ($12,500.00), (Section 40-101),
Some of the property which may be subject to exemption includes:
The immediate personal possessions of the debtor and his family;
Wearing apparels, household furniture and furnishings up to an aggregate fair market value of one thousand five hundred dollars ($1,500.00);
Books or tools of trade or automobile up to an aggregate fair market value of two thousand four hundred dollars ($2,400.00). (Section 25-1556.);
Insurance annuity contracts insurance proceeds and cash surrender value, $10,000;
Fraternal society benefits, $10,000;
Military pensions, $2,000;
Tools of trade, $2,400;
Wild card - personal property, $2,500.
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