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    Nebraska

    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.
    www.BankruptcyForum.com

    #2
    Nebrska

    Hi

    I am wanting to file chapter 7, no job and i live in Nebraska.
    I will have a car that's paid for with a value of 4500 to 5000
    Are you saying I may get to keep it if I can get the value down to 2500

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