Articles from Nebraska Debt and Bankruptcy Blog

Exempt Property in Nebraska Bankruptcy Cases

 

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.

8th Circuit Protects IRA Annuity Contracts

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Bucket List Budgeting–Why Everyone Need a Fun Fund

Bucket List
“Wealth is the transfer of money from the impatient to the patient.”  Warren Buffett

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