Take advantage of bankruptcy exemptions in Nevada and protect your assets. Explore the laws.

Nevada Bankruptcy Laws

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.

Court's Address

U.S. Bankruptcy Court District of Nevada

Court's Phone Number

(702)388-6257

Court's Email Address

USBC_NEVADA@nvb.uscourts.gov

Court's Hours

900 AM - 400 PM

Jurisdictional Counties

All Counties

Court Locations

Las Vegas Foley Federal Building 300 Las Vegas Boulevard South
Las Vegas, NV 89101(702) 388-6257Reno C. Clifton Young Federal Building 300 Booth Street Reno, NV 89509(775) 784-5559

Judges

Hon. Bruce A. Markell (U.S. Bankruptcy Court)300 Las Vegas Blvd., S.
Las Vegas, NV 89101(702) 388-6505Hon. Linda B. Riegle (U.S. Bankruptcy Court)300 Las Vegas Blvd., S. Las Vegas, NV 89101(702) 388-6192Hon. Mike Nakagawa (U.S. Bankruptcy Court)300 Las Vegas Blvd., S. Las Vegas, NV 89101(702) 388-6707Hon. Gregg W. Zive (Chief Judge, U.S. Bankruptcy Court)300 Booth St. Reno, NV 89509(775) 784-5017

Clerks

Mary A. Schott (Bankruptcy Clerk, U.S. Bankruptcy Court)300 Las Vegas Blvd., S. Las Vegas, NV 89101

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