North Carolina Schedule C Property Claimed As Exempt is a form used by North Carolina residents to claim property as exempt from the collection of creditors. This form is used to declare certain types of property as exempt from collection by creditors due to the North Carolina Constitution. Types of North Carolina Schedule C Property Claimed As Exempt include tools of the trade, household goods and furnishings, clothing, motor vehicles, and certain cash value life insurance policies. The exemption amounts are determined by the North Carolina Constitution and the North Carolina Exempt Property Act. This form must be filed with the North Carolina Clerk of Court in the county where the debtor lives.