NEVADA BANKRUPTCY LAWNevada Bankruptcy:Attorneys, Statistics, Exemptions and Courts.
Nevada Bankruptcy Statistics: In Nevada, 29,808 bankruptcies were filed in Nevada.Business bankruptcies accounted for 978 or 3.28% and personal bankruptcies accounted for 28,830 or 96.72% of the total filings.
Nevada State Bankruptcy Exemptions
The home ("homestead") exemption is limited to $550,000. Nevada defines "homestead" to include real property and mobile homes. The debtor must file a homestead declaration prior to filing for bankruptcy.
The following expenses or items are exempt from bankruptcy in their entirety in Nevada:
The following expenses or items are exempt up to a specified limit in Nevada:
PensionThe following individuals' and their survivors' pension benefits are exempt when filing for bankruptcy in Nevada:
The following pension types are exempt or partially exempt when filing for bankruptcy in Nevada:
InsuranceThe following insurance types are entirely or partially exempt when filing for bankruptcy in Nevada:
Public BenefitsThe following public benefits are exempt when filing for bankruptcy in Nevada:
Tools of the tradeThis is a separate exemption. The following items have been considered tools of the trade in the state of Nevada:
In Nevada, the greater of 75% or more of disposable weekly earnings, or fifty times the weekly federal hourly minimum wage.
MiscellaneousThe following miscellaneous benefits are exempt when filing for bankruptcy in Nevada:
Federal Exemptions: No, debtors are not permitted to take federal exemptions when filing for bankruptcy in Nevada.
Nevada Bankruptcy Court:United States Bankruptcy Court, District of Nevada