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Nevada Bankruptcy

Exemption Court
Nevada Bankruptcy Exemption
Homestead:
Residential or dwelling home with the land including the land beneath it owned by the debtor up to the extent of $ 200,000 or up to the extent of $ 200,000 for the dwelling house owned by the debtor but the land owned by another ( Such as Residential Apartments).

Wages:
75 % of the disposable earnings or 30 times the federal minimum hourly wages per week whichever will be greater.

Book:
Private library owned by the debtor up to the quantum of $ 1,500.

Household Goods:
Necessary house goods required for regular domestic purpose up to the extent of $ 10,000.

Agricultural machinery, tools and stocks:
Farmhouse truck, stock, tools equipments and seeds up to the extent of $ 4,500.

Professional Tools and Implements:
Books, tools and other implements required for carrying out trade and profession are exempted up to the extent of $ 4,500. Mining professional's cabin, cars, implement and concerned professional implements up to the extent of $ 4,500.

Automobile:
One motor vehicle worth up to the extent of $ 15,000.

Life Insurance Benefit:
Life insurance benefit of amount purchased by $1,000 annual premium.

IRA Plan Benefit:
Money held in IRA, employee pension plan, stock bonus, or other pension plan up to the extent of $ 500,000.

Personal Injury Benefits:
Compensation benefit for personal injury up to the extent of $ 16,150.

Annuity Contract Proceeds:
Annuity contract proceeds up to the extent of $ 350.

Total or Absolute Exemptions for:
  • Family Pictures and Portraits.
  • Support and Alimony Payments.
  • Professionally Prescribed Prescription.
  • Reimbursement of Criminal Act.
  • Life insurance proceeds for dependents of the insured.
  • Health and Disability Insurance Payments.
  • Fraternal Benefit Society Benefit.
  • Unemployment Compensation Benefit.
  • Industrial Compensation Benefits.
  • Legislator's Compensation Benefits.
  • Public Employee's Retirement fund.
  • Specific Partnership Property.
  • Public Assistance Payments.

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