This list of exemptions updated January 2009. All law references are to Nevada Revised Statutes Annotated unless otherwise noted. Federal bankruptcy exemptions are not available in Nevada.

Homestead

115.010 & 115.020 - Real property or mobile home up to $550,000. 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, appliances, 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 recieved for criminal act; earned income tax credit refunds; stock in certain closely-held corporations; $1,000 of any personal property.

21.100 - Metal-bearing ores, geological specimens, paleontological remains or art curiosities (must be arranged, classified, catalogued, and numbered in reference books).

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, inventory 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 or avails.

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 - Security deposits on a rental residence. Landlord may enforce the terms of the lease or rental agreement, however.

21.090 - Alimony and child support.

87.250 - Business partnership property.

Other - Add any applicable

Federal Nonbankruptcy Exemptions