Site Notice: ****Special Holiday Hours: Hours of operation for Monday September 7th 9am-2pm EST****
Site Maintenance: On 06/06/2012 between 11 PM EST to 1 AM EST the site and its related services will undergo scheduled maintenance.

North Dakota State Bankruptcy Exemptions

The chart below contains a summary of North Dakota state bankruptcy exemptions and other relevant statutory laws.
Click here for complete State of North Dakota bankruptcy exemptions laws.

Note: Federal bankruptcy exemptions are not available.

Personal exemptions allowed by North Dakota Bankruptcy Laws

Note:Under the 2005 bankruptcy law, almost all types of tax-exempt retirement accounts are exempt in bankruptcy whether state or Federal exemptions are used. Exemptions for 401(k)s, 403(b)s, profit-sharing and money purchase plans, and defined benefit plans include the entire account amounts. However, with traditional and Roth IRAs, the exemption is limited to a total value of $1,171,650 per person for all accounts held by the debtor (not per account). The total value amount is adjusted every three years for inflation. The relevant statutes: 11 U.S.C. §522(d)(12) for Federal bankruptcy exemptions; 11 U.S.C. §522(b)(3)(C) for state bankruptcy exemptions.

North Dakota Homestead Real property, house trailer, or mobile home to $100,000 28-22-02(10); 47-18-01
Wages Minimum 75% of disposable weekly earnings or 40 times the Federal minimum wage (whichever is greater). Bankruptcy judge may authorize more for low-income debtors. 32-09.1-03
Automobile Up to $2,950 ($32,000 if automobile is modified to accommodate the owner's disability 28-22-03.1(2)
Other property Fraternal benefit society benefits 26.1-15.1-18
Child support payments 14-09-09.31; 28-22-03.1(8)(d)
Wearing apparel to $5,000 and all clothing and family pictures 28-22-02(1), (5)
Insurance proceeds for exempt property 28-22-02(9)
Burial plots, church pew 28-22-02(2), (3)
Implements, books, and tools of trade to $1,500 28-22-03.1(3)
Wildcard $7,500 of any property in lieu of homestead 28-22-03.1(1)

Note: While this reference information is current as of August 2010, it may not reflect the most up-to-date exemption figures on official state of North Dakota bankruptcy court statutes.

Back to all State Bankruptcy Exemptions
Go to Complete State of North Dakota bankruptcy exemptions laws.

North Dakota Bankruptcy Court links :

*The use of partners trademarks are not intended to imply endorsement of these products.

Ready to Start? Call us at 1(888)214-7773