Submitted by Anonymous (not verified) on Tue, 06/23/2015 - 06:58
ASSET EXEMPTION DESCRIPTION LAW IMPORTANT CASES & NOTES
Homestead
$60,000 of home equity. No more than 2 lots in City or Village, 160 acres farmland. Sales proceeds protected for 6 months.
§40-101, 40-111, 40-113
Must reside in the home on the date the bankruptcy is filed to claim exemption.