Running Your Business
BizFilings provides useful information to help you manage and grow your business.
Filed under Running A Business.
These assets are exempted from a state court or bankruptcy proceeding in New Hampshire.
Homestead: Real property or manufactured housing up to $100,000. Must own the land.
Pensions and Retirement Benefits: Funds exempt for public employees' federal pension, but only benefits accruing. Firefighters, police officers and public employees. Roth IRAs and regular IRAs up to $1,245,000 per person.
Insurance: Homeowner's insurance proceeds up to $5,000. Firefighter's death and disability benefits. Fraternal society benefits.
Personal Property: Beds. Bedsteads. Bedding. Furniture. Sewing machine. Cooking utensils needed. Cooking and heating stoves. Refrigerator. Household furniture up to $3,500. Automobile up to $4,000. Bibles and books up to $800. Burial place. Clothing. Jewelry up to $500. Proceeds for lost or destroyed exempt property. Cow. 6 sheep or fleece. 4 tons of hay. Food and fuel up to $400.
Tools of Trade: Tools and implements up to $5,000. Military members uniforms, arms and equipment. Cow, yoke of oxen or horse when needed for farming.
Miscellaneous: Business partnership property. Child support. Jury and witness fees. Minor child's wages.
Wages: Up to 50 times the federal minimum weekly wage, or as determined by a court.
Public Benefits: Workers' compensation. Unemployment compensation. Aid to blind, aged and, disabled. AFDC.
Wild Card: $1,000 of any property, plus up to $7,000 for unused portion of automobiles, bibles, books, food and fuel, furniture, jewelry, and tools of the trade.