Nevada exemptions in bankruptcy

Nevada exempts a significant amount of property from Chapter 7 proceedings. You will be able to keep:

• Homestead equity up to $550,000
• 75% of gross earnings
• One vehicle with equity up to $15,000
• Books not to exceed $ 5,000 in value
• Family pictures and keepsakes
• Household goods not to exceed $12,000 in value
• Equipment and tools used in your farm not to exceed $4,500
• Mining cabin, equipment and tools not to exceed $4,500
• Office equipment, manuals, supplies and tools of your trade not to exceed $10,000
• $1,000 in any non-exempt property, money, stocks, bonds or other funds on deposit with a financial institution