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 $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)
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
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