Licensed to practice law in the state of North Carolina, Mack Hewett is an experienced attorney who owns a self-titled law firm. Mack Hewett handles cases related to estate planning, elder law, and real estate law.

2.  Licensed to practice law in the state of
North Carolina, Mack Hewett is an
experienced attorney who owns a self-titled
law firm. Mack Hewett handles cases
related to estate planning, elder law, and
real estate law.
During financial hardships, homeowners
may fear losing their home to bankruptcy.
In such cases, the North Carolina
homestead exemption law has the ability to
protect homeowners and the equity in their
homes.

3.  The state regulation is applicable to real
and personal property, which includes
single-family homes and condominiums. The
person seeking an exemption must be the
resident of the state and live in the home at
the time the bankruptcy was filed.
Fortunately, individuals in jeopardy of a
bankruptcy do not have to file a separate
declaration of exemption, as the law
automatically applies to all homeowners
meeting the previous stipulations.

4.  North Carolina homeowners can
individually be exempt of up to $35,000
of their property; married couples filing
jointly are eligible for an exemption of up
to twice that amount. Citizens 65 years of
age and older and widowed qualify for
$60,000 under the homestead
exemption.