Nevada Bankruptcy Exemptions

On this page you can find all of the exemptions for Nevada. Exemptions are the property that you can keep when you file bankruptcy.

CATEGORY
PROPERTY
AMOUNT
STATUTE
Homestead
Homestead, consisting of land and dwelling house, or mobile home with or without underlying land
$550,000
Nev. Rev. Stat. §§ 115.010, 21.090(1)(l)
Motor Vehicle
One vehicle
$15,000 (100% if equipped for disabled debtor)
Nev. Rev. Stat. § 21.090(1)(f), (p)
Wages / Wage Garnishment
Disposable earnings (earnings less deductions required by law)
75% OR 50 times the federal Minimum hourly wage per week WHICHEVER IS GREATER
Nev. Rev. Stat. § 21.090(1)(g)
Insurance
Industrial insurance compensation
100%
Nev. Rev. Stat. § 616C.205
Insurance
Group life insurance benefits and group health insurance proceeds
100%
Nev. Rev. Stat. § 687B.280
Insurance
Fraternal Benefit Society benefits
100%
Nev. Rev. Stat. § 695A.220
Insurance
Annuity contract proceeds
$350 per month
Nev. Rev. Stat. § 687B.290
Insurance
Proceeds of health insurance contracts and of disability insurance supplemental to life insurance or annuity contracts
100%
Nev. Rev. Stat. § 687B.270
Insurance
Proceeds and avails of life insurance policies wherein beneficiary is not the insured
100%
Nev. Rev. Stat. § 687B.260
Insurance
Compensation for loss of future earnings of debtor or person upon whom debtor is a dependent
Amount reasonably necessary for the support of the debtor and his or her dependents
Nev. Rev. Stat. § 21.090(1)(w)
Insurance
Compensation for personal injury, other than for pain and suffering or actual pecuniary loss, by debtor or person of whom debtor is a dependent.
$16,150
Nev. Rev. Stat. § 21.090(1)(u)
Insurance
Money, benefits, privileges and immunities accruing or growing out of life insurance policies
100%
Nev. Rev. Stat. § 21.090(1)(k)
Personal Property
Personal property not otherwise exempt
$1,000
Nev. Rev. Stat. § 21.090(z)
Personal Property
Mineral collections, art curiosities, and paleontological remains
100%
Nev. Rev. Stat. § 21.100
Personal Property
Compensation for the wrongful death of a person upon whom the debtor was dependent
Amount reasonably necessary for the support of the debtor and his or her dependents
Nev. Rev. Stat. § 21.090(1)(v)
Personal Property
Prosthesis or equipment prescribed by physician or dentist
100%
Nev. Rev. Stat. § 21.090(1)(q)
Personal Property
Necessary household goods, as defined in 16 CFR 444.1(i), and yard equipment
$12,000
Nev. Rev. Stat. § 21.090(1)(b)
Personal Property
Family pictures and keepsakes
100%
Nev. Rev. Stat. § 21.090(1)(a)
Personal Property
Private libraries
$5,000
Nev. Rev. Stat. § 21.090(1)(a)
Pensions / Retirement Accounts
Money held in IRA, simplified employee pension plan, IRC-qualified deferred compensation arrangement, stock bonus, pension or profit-sharing plan, or a qualified tuition payment program
$500,000
Nev. Rev. Stat. § 21.090(1)(r)
Pensions / Retirement Accounts
Public employees' retirement benefits
100%
Nev. Rev. Stat. § 286.670
Pensions / Retirement Accounts
Social Security payments
100%
Nev. Rev. Stat. § 21.090(1)(y)
Tools of the Trade
All arms, uniforms and accouterments required by law to be kept, and 1 gun selected by debtor
100%
Nev. Rev. Stat. § 21.090(1)(i)
Tools of the Trade
Cabin, dwelling, cars, implements appliances, and mining claim of miner or prospector
$4,500
Nev. Rev. Stat. § 21.090(1)(e)
Tools of the Trade
Professional libraries, office equipment and supplies, and tools, instruments and materials used to carry on trade
$10,000
Nev. Rev. Stat. § 21.090(1)(d)
Tools of the Trade
Farm truck, stock, tools, equipment, supplies and seed
$4,500
Nev. Rev. Stat. § 21.090(1)(c)
Public Benefits
Public assistance payments
100%
Nev. Rev. Stat. § 422.291, 615.270
Public Benefits
Unemployment compensation benefits
100%
Nev. Rev. Stat. § 612.710
Public Benefits
Vocational Rehabilitation Benefits
100%
Nev. Rev. Stat. § 615.270
Public Benefits
Public Assistance for Children
100%
Nev. Rev. Stat. § 432.036
Miscellaneous
Property held in spendthrift trust
100%
Nev. Rev. Stat. § 21.080(2)
Miscellaneous
Escrow funds of escrow agent
100%
Nev. Rev. Stat. § 645A.170
Miscellaneous
Trust funds for prepaid funeral contracts
100%
Nev. Rev. Stat. § 689.700
Miscellaneous
Earned income tax credit
100%
Nev. Rev. Stat. § 21.090(1)(aa)
Miscellaneous
Assets held in trust
100%
Nev. Rev. Stat. § 21.090(cc)
Miscellaneous
Payments received as restitution for a criminal act
100%
Nev. Rev. Stat. § 21.090(1)(x)
Miscellaneous
Mortgage Co. Impound Trust Accounts
100%
Nev. Rev. Stat. § 645B.180
Miscellaneous
Child support and alimony payments
100%
Nev. Rev. Stat. § 21.090(1)(s), (t)
Miscellaneous
Real property of public housing authority and all real and personal property held for certain purposes by rural housing authority
100%
Nev. Rev. Stat. § 315.310 & 315.992
Miscellaneous
Dwelling house of debtor occupied as home situated on lands owned by another (i.e., a condominium)
$550,000
Nev. Rev. Stat. § 21.090(1)(m)
Miscellaneous
Stock in a corporation (defined in NRS §78.746)
100%
Nev. Rev. Stat. § 21.090(1)(bb)
Miscellaneous
Specific partnership property
100% of partner's interest
Nev. Rev. Stat. § 87.250(2)(c)

If you want to learn more about filing bankruptcy in Nevada please visit our FAQ Page or for more information about Nevada you can visit the Nevada section.