North Dakota State Bankruptcy Exemptions

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North Dakota State Bankruptcy Exemptions

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North Dakota State Bankruptcy Exemptions

Federal Bankruptcy Exemptions are not available. All law references are to North Dakota Century Code.
ASSET	EXEMPTION	LAW PROVISION
Homestead	Real property, house trailer or mobile home to $80,000	28-22-02(10), 47-18-01
Insurance	Fraternal benefits society benefits Life insurance proceeds payable to deceased’s estate, not to a specific beneficiary Life insurance surrender value to $100,000 per policy, if beneficiary is insured’s relative & owned over 1 year before filing for bankruptcy; no limit if more needed for support; withERISA-qualified benefits, IRAs and Keoghs exempt under 28-22-03.1 (except pensions for disabled veterans), total cannot exceed $200,000	26.1-15.1-18, 26.1-33-40 26.1-33-40 28-22-03.1(3)
Miscellaneous	Property of business partnership	45-08-02
Pensions	Disabled veterans’ benefits, except military retirement pay ERISA-qualified benefits to $100,000 per plan; no limit if more needed for support; with insurance exempt under 28-22-03.1, total cannot exceed $200,000 IRAs to $100,000 per plan; no limit if more needed for support; with insurance exempt under 28-22-03.1, total cannot exceed $200,000 Keoghs to $100,000 per plan; no limit if more needed for support; with insurance exempt under 28-22-03.1, total cannot exceed $200,000 Public employees	28-22-03.1(4) (d) 28-22-03.1(3) 28-22-03.1(3) 28-22-03.1(3) 28-22-19(1)
Personal Property	1. All debtors may exempt: Bible, books to $100 & pictures; clothing Burial plots, church pew Cash to $7500, in lieu of homestead Crops or grain raised on debtor’s tract to 160 acres (64.75 hectares) on 1 tract Food & fuel to last 1 year Motor vehicle to $1200 Personal injury recoveries to $7500 (not to include pain and suffering) Wrongful death recoveries to $7500 2. Head of household not claiming crops or grain may claim $5000 of any personal property or: Books & musical instruments to $1500 Furniture, including bedsteads & bedding, to $1000 Library & tools of professional to $1000 Livestock & farm implements to $4500 Tools of mechanic & stock in trade to $1000 3. Non-head of household not claiming crops or grain, may claim $2500 of any personal property	28-22-02(1), (4), (5) 28-22-02(2), (3) 28-22-03.1(1) 28-22-02(8) 28-22-02(6) 28-22-03.1(2) 28-22-03.1(4) (b) 28-22-03.1(4) (a) 28-22-03.1(4) (a) 28-22-03 28-22-04(1) 28-22-04(2) 28-22-04(4) 28-22-04(3) 28-22-04(4) 28-22-05
Public Benefits	AFDC Crime victims’ compensation Social security Unemployment compensation Vietnam veterans’ adjustment compensation Workers’ compensation	28-22-19(3) 28-22-19(2) 28-22-03.1(4) ( c) 52-06-30 37-25-07 65-05-29
Tools of Trade	See personal property
Wages	Minimum 75% of earned but unpaid wages; bankruptcy judge may authorize more for low-income debtors	32-09.1-03
Wild Card	See personal property

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