Your Voice Matters: Help Shape North Carolina’s Bankruptcy Exemptions
By Dear NCBA Bankruptcy Section Member,
I hope this email finds you well. As Chair of the NCBA Bankruptcy Section, I am reaching out to gather your valuable input regarding updates and increases to North Carolina’s exemptions. As many of you know, the exemptions have not been adjusted since 2005, with the only exception being the Homestead Exemption increase in 2009. Since then, median home prices and the cost of living have risen dramatically.
Previous increases were enacted with widespread support from the members of the Bankruptcy Section, and we may consider advocating for further updates to the state’s exemptions. To ensure that the stance of the Bankruptcy Section reflects the views of all our members, we are conducting a brief survey to gather your opinions on this important issue. Your responses will help guide our approach and strategy moving forward.
Please take a few moments to complete the survey by Monday, April 7, 2025. Your input is crucial in shaping the direction of our efforts. Should you have any questions or need further information, feel free to reach out.