What Creditors Can't Take in Nebraska
Money, home and vehicle exemptions that protect your property from creditors in Nebraska.
Short answer: No separate bank account exemption, but a debtor may claim bank funds under the general exemption for any personal property other than wages: $5,970 for 2023-2027. Neb. Rev. Stat. § 25-1552; Nebraska Revenue Ruling 2023-1
| Money protected in a bank account | No separate bank account exemption, but a debtor may claim bank funds under the general exemption for any personal property other than wages: $5,970 for 2023-2027. Directly deposited federal benefits such as Social Security, SSI and veterans' benefits are protected. Inflation-adjusted every 5 years (next in 2028). The statute text and the court's hearing-request form (CC 3:8N) still state $5,000. Statute: https://nebraskalegislature.gov/laws/statutes.php?statute=25-1552 |
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| Homestead exemption | Up to $120,000 in value for the home the debtor lives in, with up to 160 acres outside a city or village, or up to two lots inside one. It protects against judgment liens and forced sale, with exceptions listed in the homestead statutes. Source: Neb. Rev. Stat. § 40-101 |
| Vehicle exemption | Up to $5,970 in a motor vehicle for 2023-2027. Statute text says $5,000; adjusted for inflation by the Department of Revenue every 5 years (next in 2028). Statute: https://nebraskalegislature.gov/laws/statutes.php?statute=25-1556 |
| Bankruptcy exemptions | Nebraska is an opt-out state: the federal bankruptcy exemptions are rejected and Nebraska's own exemptions apply in bankruptcy. Source: Neb. Rev. Stat. § 25-15,105 |
Where to get help in Nebraska
More Nebraska debt & collections
- Statute of Limitations on Debt in Nebraska
- Wage Garnishment in Nebraska
- How to Respond to a Debt Collection Lawsuit in Nebraska
- All Nebraska debt & collections rules
FAQ
How much money in a bank account is protected from creditors in Nebraska?
No separate bank account exemption, but a debtor may claim bank funds under the general exemption for any personal property other than wages: $5,970 for 2023-2027. Directly deposited federal benefits such as Social Security, SSI and veterans' benefits are protected.
What is the homestead exemption in Nebraska?
Up to $120,000 in value for the home the debtor lives in, with up to 160 acres outside a city or village, or up to two lots inside one. It protects against judgment liens and forced sale, with exceptions listed in the homestead statutes.
Can a creditor take my car in Nebraska?
Up to $5,970 in a motor vehicle for 2023-2027.
Which bankruptcy exemptions can I use in Nebraska?
Nebraska is an opt-out state: the federal bankruptcy exemptions are rejected and Nebraska's own exemptions apply in bankruptcy.
General legal information, not legal advice. Laws change and local rules can differ; check the linked official source or talk to a lawyer about your situation.