NC S838

Updates G.S. 1C-1603(c) to revise the statutory form for debtors to claim exempt property in court proceedings.

Modifies the exemption claim language to account for two residential exemption thresholds: $35,000 and $60,000, allowing debtors to claim unused amounts up to $5,000 in any other property based on their entitled threshold.

Clarifies that debtors may claim up to $5,000 in additional property exemptions only if they made no residential exemption claim, or claimed less than their entitled residential exemption amount.

Adds new examples (d) and (e) to the form instructions to illustrate how the $5,000 additional exemption calculation works for debtors entitled to the $60,000 residential exemption threshold.

Effective upon becoming law.