This page provides general legal information and calculation tools, not legal advice. DocketMath is not a law firm and does not provide legal representation, and using this site does not create an attorney-client relationship. Laws change and exceptions apply, so deadlines and amounts specific to your situation should be confirmed with a licensed attorney in your jurisdiction.

Bankruptcy Exemption in New Hampshire

In New Hampshire, the homestead exemption under N.H. Rev. Stat. Ann. § 480:1 is calculated by multiplying the federal minimum wage by 50 times the amount of that wage. This statute sets out the formula for the amount of equity in a primary residence that a debtor may protect from creditors in bankruptcy. The exemption applies automatically to a debtor’s interest in their home, subject to any conditions or exceptions the statute provides. The official source at the link above contains the exact calculation and any applicable limitations. The worked example below demonstrates how the 50x multiplier produces the exemption figure. Use the DocketMath calculator to estimate your own exemption amount based on your specific circumstances.

Governing authority

In New Hampshire, the bankruptcy exemption rule is set by N.H. Rev. Stat. Ann. § 480:1. The verified packet cites N.H. Rev. Stat. Ann. § 480:1 (https://gc.nh.gov/rsa/html/XLIX/480/480-1.htm).

New Hampshire bankruptcy exemption: the verified value is 50x under N.H. Rev. Stat. Ann. § 480:1. The verified packet cites N.H. Rev. Stat. Ann. § 480:1 (https://gc.nh.gov/rsa/html/XLIX/480/480-1.htm).

Estimate your own result: every situation has exceptions that can change the outcome. Use the bankruptcy exemption calculator to estimate your specific figure.

This page provides general legal information and calculation tools, not legal advice. DocketMath is not a law firm and does not provide legal representation, and using this site does not create an attorney-client relationship. Laws change and exceptions apply, so deadlines and amounts specific to your situation should be confirmed with a licensed attorney in your jurisdiction.