North Carolina Individual Debtor — SolOwnershiphi— - Homestead Exemption - Partial Avoidance is a type of debt relief available to individual debtors in the state of North Carolina who are sole owners of their homestead. This type of exemption allows debtors to avoid a portion of their debt by protecting a portion of their assets from creditors. This exemption applies only to the debtor's primary residence and can protect up to $35,000 of the debtor's equity in the home. There are two types of North Carolina Individual Debtor — SolOwnershiphi— - Homestead Exemption - Partial Avoidance: (1) The chapter 13 exemption, which applies to debtors filing a chapter 13 bankruptcy, and (2) The chapter 7 exemption, which applies to debtors filing a chapter 7 bankruptcy. In either case, the exemption can help debtors protect their equity in their home from creditors and reduce the amount of their debt.
North Carolina Individual Debtor - Sole Ownership - Homestead Exemption - Partial Avoidance
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