Nevada Bankruptcy Exemptions
Homestead
115.010 & 115.020 - Real property or mobile home up to $350,000. Must record
a homestead declaration before filing for bankruptcy (115.020).
Personal Property
21.090 - Motor vehicle up to $15,000 (no limit if equipped for the
disabled); household goods, furniture, home and yard equipment up to $12,000
total; books, jewelry, musical instruments, and works of art up to $5,000
total; pictures and keepsakes; health aids; 1 gun; personal injury
compensation up to $16,500; wrongful death awards for survivors; restitution
received for criminal act.
21.100 - Metal-bearing ores, geological specimens, paleontological remains
or art curiosities (must be arranged, classified, catalogued, and numbered
in reference books).
452.550 - Burial plot purchase money held in trust.
645B.180 - Mortgage impound accounts.
689.700 - Funeral service contract money and burial plot purchase money held
in trust.
Wages
21.090 - The greater of the following: 30 times the federal minimum hourly
wage per week or minimum of 75% of disposable weekly earnings. Judge may
approve more for low income debtor.
Pensions
11 U.S.C. § 522 - Tax exempt retirement accounts; Traditional and Roth IRAs
up the $1,095,000 per person.
21.090 - Up to $500,000 in an IRA, deferred compensation, Roth IRA, or ERISA-qualified
benefits.
286.670 - Public employees.
Public Benefits
21.090 - Crime victims' compensation.
422.291 - Aid to blind, aged and disabled; public assistance.
432.036 - Public assistance for children.
612.710 - Unemployment compensation.
615.270 - Vocational rehabilitation benefits.
616C.205 - Industrial insurance (worker's compensation).
Tools of Trade
21.090 - Tools, materials, library, equipment, and supplies up to $10,000;
farm trucks, equipment, tools, stock and seed up to $4,500; cabin or
dwelling of a miner or prospector, cars, implements and appliances for
mining and a mining claim you work up to $4,500; arms, uniforms, and
accoutrements you are required to keep.
Insurance
21.090 - Life insurance policy or proceeds if premiums don't exceed $1,000
per year.
687B.260 - Life insurance proceeds if you are not insured.
687B.270 - Health insurance proceeds, dividends, interest, loan, cash, or
surrender value.
687B.280 - Group life or health policy or proceeds.
687B.290 - Annuity contract proceeds up to $350 per month.
695A.220 - Fraternal benefit society benefits.
Miscellaneous
21.090 - Alimony and child support.
87.250 - Business partnership property.