New Hampshire Homestead Exemption Rules

The $100,000 value authorized under the New Hampshire Homestead Exemption Act is far above average state limitations. Also, the rate of filing bankruptcy statewide is the third lowest in the U.S. based on 2004 bankruptcy statistics reported by the U.S. Administrate Office For the Federal Courts. Oddly, what may seem as an overly generous allowance provided by New Hampshire homestead exemption law - and highly criticized by lobbyists promoting financial institution agendas - creates an environment of stability, safety, and prosperity throughout the State of New Hampshire. For added assurance, the New Hampshire homestead exemption form permits county residents to formally elect a specific tract of land as a primary residence and avoid creditor objections.