Nevada Bankruptcy Forms - NV Bankruptcy Exemptions and Court Information

FEDERAL BANKRUPTCY EXEMPTIONS ARE NOT AVAILABLE All Bankruptcy law references are to Nevada Code.
ASSET	EXEMPTION	LAW PROVISION
HOMESTEAD	Real property or mobile home to $350,000 (husband and wife may not double) Must record homestead declaration before filing for bankruptcy.	21.090(1) (m), 115.010 115.020
INSURANCE	Annuity contract proceeds to $350 per month Fraternal benefit society benefits Group life or health policy or proceeds Health proceeds or avails Life insurance policy or proceeds if annual premiums not over $1000 Life insurance proceeds if you’re not the insured	687B.290 695A.220 687B.280 687B.270 21.090(1) (k) 687B.260
MISCELLANEOUS	Property of business partnership	87.250
PENSIONS	Up to $500,000 in an IRA, or retirement plans under various sections of the Internal Revenue Code, including simplified employee pension plan under 26 USC §408, cash or deferred arrangement plan, or a trust forming part of a stock bonus, pension, or profit-sharing plan under 26 USC §§401 et seq.) Public employees	21.090(1) (q) 286.670
PERSONAL PROPERTY	Appliances, household goods, furniture, home and yard equipment to $12,000 total Private libraries $5,000 Burial plot purchase money held in trust Funeral service contract money held in trust Health aids Keepsakes & pictures Metal-bearing ores, geological specimens, art curiosities or paleontological remains, must be arranged, classified, catalogued & numbered in reference books Motor vehicle to $15,000; no limit if vehicle equipped to provide mobility for disabled person One gun	21.090(1) (b) 21.090(1) (a) 452.550 689.700 21.090(1) (p) 21.090(1) (a) 21.100 21.090(1) (f), (o) 21.090(1) (i)
PUBLIC BENEFITS	Aid to blind, disabled, AFDC Industrial insurance (workers’ compensation) Unemployment compensation Vocational rehabilitation benefits	422.291 616.550 612.710 615.270
TOOLS OF TRADE	Arms, uniforms & accouterments you’re required to keep Cabin or dwelling of miner or prospector; cars, implements & appliances for mining claim you work to $4500 total Farm trucks, stock, tools, equipment & seed to $4500 Library , equipment, supplies, tools & materials to conduct business to $10,000	21.090(1) (j) 21.090(1) (e) 21.090(1) (c) 21.090(1) (d)
WAGES	Minimum 75% of earned but unpaid wages; bankruptcy judge may authorize more for low -income	21.090(1) (g)
WILD CARD	None

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