In North Carolina you only have 20 days to claim your exemptions after being served. Failure to properly file your exemptions with the Court may expose your bank accounts, house, car, and other property to seizure. Even your house and car you are still paying on may be sold if you waive your exemptions. What if your car has no equity- why would the creditor want it? To get your attention.
North Carolina generally does not allow for garnishment of wages for Civil Judgments. This leaves little options for creditors outside of seizing property to satisfy judgments. If you have been served by the Sheriff or certified mail make sure you properly file your exemptions with the Court within 20 days.
What are the critical items to exempt?
What is the creditor looking to take- Bank accounts and large items that can be sold at an auction such as land, cars, boats, and ATV’s. Although your couch would not clear the auction fees, you are best served to list it or else you leave it exposed.