Nevada State Bankruptcy Exemptions
Laws That Keep Your Creditors' Hands Off Your Property
Exemptions are laws passed by every state that allow you to protect certain
types of your property from your creditors when you file bankruptcy-such as
your home, car, pensions and IRAs, motor vehicles, clothing, tools, and other
important property. Nevada law provides a number of exemptions that protect
your property, and your attorney will be able to advise you on which exemptions
are best for you.
Homestead
$350,000 homestead exemption.
Wages
75 percent of gross earnings.
Automobiles
Up to $15,000 in equity in one motor vehicle.
Other Property
Private libraries not to exceed $5,000 in value; all family pictures and
keepsakes; necessary household goods not to exceed $12,000 in value;
farm trucks, stock, tools, and supplies not to exceed $4,500 in value;
professional libraries, office equipment, office supplies and the tools,
instruments and materials used to carry on the trade of the judgment debtor not
to exceed $10,000 in value; and the cabin or dwelling of a miner and
his cars, implements and appliances not exceeding $4,500 in total value.
Note: Exemptions may have changed since our last update.
» Read the complete Nevada bankruptcy
exemptions here
» Back to Bankruptcy Laws In Your State