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Nevada State Bankruptcy Exemptions |
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Nevada State Bankruptcy Exemptions |
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FEDERAL
BANKRUPTCY EXEMPTIONS ARE NOT AVAILABLE. All law references are to Nevada Revised Statutes, Annotated. |
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| ASSET | EXEMPTION | LAW PROVISION |
| 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 |
| 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 |
| 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) |
| 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 $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 | |
Thursday January 12, 2006