Creditors can go after your property. They will file a lien on your stuff, sell it and recoup their losses. New Hampshire revised statute 480:1 is known as the homestead act. The law protects your primary residence from creditors. Protection is granted automatically, you do not need to ask for it.
The law covers unsecured debt. It does not protect your home when it is secured to a loan; used as collateral. The only time you file for homestead protection is when you apply for federal bankruptcy.
Obtain a federal bankruptcy application packet. Federal court deals with bankruptcy but New Hampshire law protects your home. Get the application by visiting the U.S. Courts website.
Type "Bankruptcy" in the search bar in the upper right hand corner, then click "Go." Click the first search engine result, "Bankruptcy." Click "Bankruptcy Forms" under the larger heading of "Quick Links" in the middle of the page.
Use the "Print" button in the upper right hand corner of the "Bankruptcy Forms" webpage. You must print each form individually.
Separate "Schedule C - Property Claimed as Exempt" from your bankruptcy application packet. You can view schedule C electronically if you visit the United States Courts "Bankruptcy Forms" webpage. Click "Part I - Official Forms, Instructions and Committee Notes," then scroll down to click "B 6C."
List your home as exempt. Describe your home, with its address, in the left most column, write "New Hampshire revised statutes 480:1" in the next, write "$100,000" in the next, and estimate the value of your home in the last column. New Hampshire protects your home up to $100,000.
U.S. Courts advises hiring a lawyer for bankruptcy. Bankruptcy is a complex procedure that has lasting legal and personal effects.
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