North Carolina Bankruptcy Exemptions - All Categories

 

A detailed listing of state and federal exemption laws, with statutory citations.

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North Carolina Exemptions Summary:

Homestead

Real or personal property, including co-op, used as residence to $35,000 (husband and wife may double) ($60,000 if 65 or older and spouse is deceased); up to $5,000 of unused portion of homestead may be applied to any property

Vehicle Exemption

Motor vehicle to $3,500

Personal Property

Animals, crops, musical instruments, books, clothing, appliances, household goods & furnishings to $5,500 total; may add $1,000 per dependent, up to $4,000 total additional (all property must have been purchased at least 90 days before filing)
Implements, books, & tools of trade to $2,000

Wild Card

$5,000 less any amount claimed for homestead or burial exemption, of any property
$500 of any personal property


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Jurisdictional relevance: ST

There are versions of this article for each State.