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 Nevada TotalBankruptcy.com 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.
» Read the complete Nevada bankruptcy exemptions here.
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Please understand that this information is provided for illustration purposes only and is not legal advice. If you would like more information about exemptions, please call our 24-hour toll free hotline at 1 (877) 349-1309 or use our free online evaluation form to get started with your bankruptcy case today!
Note: Laws may have changed since our last update. For the latest information on your state’s bankruptcy laws, speak to a local bankruptcy lawyer.