Nebraska STATE LAW

WAGE GARNISHMENT EXEMPTION:

– 75% of disposable earnings (85% if head of household) or 30 times the federal minimum hourly wage, whichever is greater

MAXIMUM INTEREST RATE:

– Legal: 12% or contract rate
– Judgment: 1% above bond equivalent yield as published by U.S. Treasury

STATUTE OF LIMITATIONS ON ENFORCEMENT:

– Open Contract (credit card): 4 years
– Written Contract: 5 years
– Domestic Judgment: 5 years (renewable)
– Foreign Judgment: 5 years

BAD CHECK LAW DAMAGES:

– Amount of check, collection costs and protest fees

tape recording

– One party state

BANKRUPTCY PROPERTY EXEMPTIONS:
(Revised Statutes of Nebraska)

– Cannot use federal exemptions, but can claim the federal non–bankruptcy exemptions
– The State of Nebraska has exempted the property and income below from seizure by the bankruptcy court to pay creditors:

Real Property:

– Real property used as residence up to $12,500, but cannot exceed two lots in city or town, and 160 acres elsewhere (sale proceeds exempt for six months after sale) [40–101, 40–111 and 40–113]

Personal Property:

– Any personal property up to $2,500 in lieu of real estate exemption (except wages) [25–1552]
– Furniture, computers, utensils, books and musical instruments up to $1,500 [25–1556]
– Clothing, amount needed [25–1556]
– Personal possessions, unlimited amount [25–1556]
– Enough food and fuel to last six months [25–1556]
– Health aids, unlimited amount [25–1556]
– Burial plot, crypt, lot, tomb, vault, unlimited amount [12–517 and 12–605]
– Equipment and tools needed for work up to $2,400 [25–1556]
– Perpetual care funds, unlimited amount [12–511]
– Personal injury recoveries, unlimited amount [25–1563.02]

Insurance / Annuities:

– Life insurance or annuity contract proceeds up to $10,000 [44–371]
– Fraternal society benefits up to $10,000 [44–1089]

Pensions / Retirement Plans:

– County employees, unlimited amount [23–2322]
– State employees, unlimited amount [84–1324]
– School employees, unlimited amount [79–948]
– Retirement benefits, amount needed for support [25–1563.01]
– Military disability benefits up to $2,000 [25–1559]

Public Benefits / Entitlements:

– Aid to aged, blind, disabled and families with dependent children, unlimited amount [68–1013]
– Workers compensation, unlimited amount [48–149]
– Unemployment compensation, unlimited amount [48–647]

Wages:

– Earned but unpaid wages or pension payments as follows: 85% if head of family, 75% all others [25–1558]

Miscellaneous:

– Business partnership property [67–325]