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.
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
Aid to blind, disabled, AFDC
Industrial insurance (workers' compensation)
Vocational rehabilitation benefits
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
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
21.090(1) (f), (o)
|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
||Minimum 75% of earned but unpaid wages; bankruptcy judge may authorize more for low -income
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
||Property of business partnership
ERISA-qualified benefits to $100,000
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