New Hampshire Laws on Wage Garnishments, Statute of Limitations on Debt and Bankruptcy Property Exemptions
WAGE GARNISHMENT EXEMPTION: 50 times the federal minimum hourly wage (all future wages are exempt)
MAXIMUM INTEREST RATE: Judgment: 7.6%
STATUTE OF LIMITATIONS ON ENFORCEMENT:
Open Account (credit card): 3 years
Written Contract: 3 yearsDomestic Judgment: 20 yearsForeign Judgment: 20 yearsBAD CHECK LAW DAMAGES: Amount of check, interest, court costs, reasonable collection costs and $10 per day up to $50
NEW HAMPSHIRE BANKRUPTCY PROPERTY EXEMPTIONS (New Hampshire Revised Statutes Annotated):
Can use either the state exemptions below or federal exemptions
The State of New Hampshire has exempted the property and income below from seizure by the bankruptcy court to pay creditors:
Real Property: Real property or mobile home if located on land owned by debtor up to $30,000 [480:1]
Personal Property: Furniture up to $3,500 [511:2(III)]; beds, bedding, and cooking utensils, amount needed [511:2(II)], clothing, amount needed [511:2(1)]; food and fuel up to $400 [511:2(VI)]; stove, heating equipment, refrigerator, unlimited amount [511:2(IV)]; automobile to $4,000 [511:2(XVI)]; jewelry up to $500 [511:2(XVII)]; bibles and books to $800 [511:2(VIII)]; sewing machine, unlimited amount [511:2(V)]; burial place, lot or church pew, unlimited amount [511:2(XIV)]; tools of trade up to $5,000 [511.2(IX)]; uniforms, arms and equipment required for military, unlimited amount [511.2(VII)]; one cow, six sheep and fleece, four tons of hay [512:2(XI) and (XII)]; fowl up to $300 total value [511:2(XIII)]; one already slaughtered pork [511:2(X)]; proceeds for lost or destroyed exempt property up to exemption amount [512:21(VIII)]; yoke of oxen or horse if needed for farming [511:2(XII)]
How to Deal with Debt Collectors
Federal and State Laws Regarding Debt Collection
State Laws Regulating Wage Garnishments
Insurance / Annuities: Fraternal society benefits, unlimited amount [402:69]; firefighters insurance, unlimited amount [402:69]; homeowners insurance proceeds up to $5,000 [512:21(VIII)]
Pensions / Retirement Plans: Police officers; firefighters; public employees; federal pension, unpaid benefits [512:21(IV)]; police officers, unlimited amount [103.18]; firefighters, unlimited amount [102.23]; public employees, unlimited amount [100A.26]
Public Benefits / Entitlements: Unemployment compensation, unlimited amount [282-A:159]; workers compensation, unlimited amount [281-A:52]; aid to aged, blind, disabled and families with dependent children, unlimited amount [167:25]
Wages: Earned but unpaid wages (judge will decide the amount that is exempt) [512:21(II)]; earned but unpaid wages of a spouse and wages of a minor child, unlimited amount [512:21(III)]
Miscellaneous: Child support, unlimited amount [161-C-11]; jury and witness fees, unlimited amount 304-A-25]; business partnership property, unlimited amount [304A-25]
