Nevada exemptions in bankruptcy

Nevada exemptions in bankruptcy

Nevada exempts a significant amount of property from Chapter 7 proceedings. You will be able to keep:

  • Homestead equity up to $550,000
  • 75% of gross earnings
  • One vehicle with equity up to $15,000
  • Books not to exceed $ 5,000 in value
  • Family pictures and keepsakes
  • Household goods not to exceed $12,000 in value
  • Equipment and tools used in your farm not to exceed $4,500
  • Mining cabin, equipment and tools not to exceed $4,500
  • Office equipment, manuals, supplies and tools of your trade not to exceed $10,000
  • $1,000 in any non-exempt property, money, stocks, bonds or other funds on deposit with a financial institution

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