Nevada State Exemption List
Only State Exemptions Allowed
If you live in the state of Nevada, you may use only the Nevada state exemptions. The exemptions have been created to help you maintain enough assets to start over after bankruptcy.
There may be certain federal supplemental exemptions allowed and there may be residency requirements to use the Nevada State Exemption list. It is important to discuss all your exemption questions with a Nevada Bankruptcy lawyer.
The following table will outline the Nevada State Exemptions. Many of your assets may not have a matching exemption.
| Exemptions | Exemption Amount | Statutes |
|---|---|---|
| Homestead | Real property or mobile home to $125,000 (husband and wife may not double) Must record homestead declaration before filing for bankruptcy. |
21.090(1) (m), 115.010 115.020 |
| Public Benefits | Aid to blind, disabled, AFDC Industrial insurance (workers’ compensation) Unemployment compensation Vocational rehabilitation benefits |
422.291 616.550 612.710 615.270 |
| Personal Property | Appliances, household goods, furniture, home and yard equipment to $3000 total Books to $1500 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 $1500; 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) |
| 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 $4500 |
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 | |
| 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 | ERISA-qualified benefits to $100,000 Public employees |
21.090(1) (q) 286.670 |
