North Carolina Tools of Trade Exemptions

 

Most states allow an exemption for "tools of trade or profession"... this can include tools, books, even vehicles. Sometimes can be an alternative to the motor vehicle exemption.

ADVERTISEMENT -
AD_GOOGLE_2_RESPONSIVE_PRE_CONTENT

.
 

Tools of Trade Exemptions — State System

North Carolina Law Tools of Trade Exemptions

Federal non-bankrupcty Tools of Trade Exemptions

Tools of Trade Exemptions — Federal System § 522(d)

Can North Carolina debtors use the Federal Bankruptcy exemptions instead of North Carolina exemptions?

No. N.C. Gen. Stat. § 1C-1601(f).

The Federal Bankruptcy Exemptions under 11 U.S.C. § 522(d) are available to you if

  • you haven't lived in any state longer than 180 days for a while,
  • or
  • if your state allows the Federal exemptions as a choice.

ADVERTISEMENT -

Free Bankruptcy Case Evaluation For Avery County, NC

Do you have questions about filing bankruptcy in North Carolina, and think you might need a bankruptcy lawyer? Use the form below to connect with the Nolo / Martindale network of bankruptcy lawyers For Avery County, NC.
SPONSORED FORM - Nolo/Martindale Attorney Network



Jurisdictional relevance: ST

There are versions of this article for each State.