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