NV Bankruptcy Exemptions
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 $550,000 (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 |
Up to $10,000 of any personal property |
21.090 |
Nevada Bankruptcy Courts
See the list below for Bankruptcy Courts by District. Click on the District link to go directly to that Bankruptcy Court's web site.
BANKRUPTCY COURTS |
NUMBER OF COPIES |
District of Nevada
Las Vegas Division
300 Las Vegas Boulevard South
Room 2130
Las Vegas, NV 89101
Telephone: (702) 388-6257
Reno Division
300 South Booth Street, Ste. 4005
Reno, NV 89509
Telephone: (702) 784-5073
|
contact clerks office |
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