Nevada Bankruptcy Exemptions

The Nevada bankruptcy exemptions chart, see below, details the property you can exempt or protect from creditors when you file bankruptcy in Nevada. You may exempt any property that falls into one of the exemptions categories below, up to the dollar amount listed. You will be able to kept this exempted property after you file bankruptcy. Please note that there are certain debts which you will not be able to erase in bankruptcy. (see Non-dischargeable Debts)

An exemption limit applies to any equity you have in the property. Equity is the difference between the value of the property and what is owed on the property. For example, a car valued at $5000 with a loan of $4500 has an equity value of only $500.

If the property is secured by a loan, such as a car or home, and you are current on the payments and the equity is covered by your exemptions, you may elect to keep making payments on the loan and keep this property through the bankruptcy. If all the equity is not covered by your exemptions the trustee may elect to liquidate this asset and distribute the proceeds. Generally, in this case, you would be entitled to the value of your exemption in the asset as a cash payment.

Bankruptcy law allows married couples filing jointly to each claim a full set of exemptions, unless otherwise noted.

To keep non-exempt property, a debtor must generally pay the trustee the value of the non-exempt property.

When you file bankruptcy in Nevada you may also use certain federal exemptions in addition to your Nevada exemptions.





Real property or mobile home to $125,000 (husband and wife may not double)

Must record homestead declaration before filing for bankruptcy.

21.090(1) (m), 115.010



Annuity contract proceeds to $350 per month

Fraternal benefit society benefits

Group life or health policy or proceeds

Health proceeds or avails

Life insurance policy or proceeds if annual premiums not over $1000

Life insurance proceeds if you?re not the insured





21.090(1) (k)



Property of business partnership



ERISA-qualified benefits to $100,000

Public employees

21.090(1) (q)


Personal Property

Appliances, household goods, furniture, home and yard equipment to $3000 total

Books to $1500

Burial plot purchase money held in trust

Funeral service contract money held in trust

Health aids

Keepsakes & pictures

Metal-bearing ores, geological specimens, art curiosities or paleontological remains, must be arranged, classified, catalogued & numbered in reference books

Motor vehicle to $1500; no limit if vehicle equipped to provide mobility for disabled person

One gun


21.090(1) (b)

21.090(1) (a)



21.090(1) (p)

21.090(1) (a)



21.090(1) (f), (o)

21.090(1) (i)

Public Benefits

Aid to blind, disabled, AFDC

Industrial insurance (workers? compensation)

Unemployment compensation

Vocational rehabilitation benefits





Tools of Trade

Arms, uniforms & accouterments you?re required to keep

Cabin or dwelling of miner or prospector; cars, implements & appliances for mining claim you work to $4500 total

Farm trucks, stock, tools, equipment & seed to $4500

Library , equipment, supplies, tools & materials to $4500

21.090(1) (j)

21.090(1) (e)

21.090(1) (c)

21.090(1) (d)


Minimum 75% of earned but unpaid wages; bankruptcy judge may authorize more for low -income

21.090(1) (g)

Wild Card



For more information on filing bankruptcy in Nevada explore Nevada Bankruptcy Law.