Nevada is an opt-out state, so most bankruptcy filers must use **Nevada**-specific exemptions, though certain federal protections still apply (e.g., Social Security, ERISA retirement). Below is an overview of **Nevada** exemptions with references to the **Nevada Revised Statutes** (NRS). Always consult a licensed Nevada bankruptcy attorney or the official code for the latest amounts and interpretations.
| Asset / Type of Property | Exemption Description | Statute / Code | Notes |
|---|---|---|---|
| Homestead | Real property or mobile home up to \$125,000 equity. Must record a homestead declaration before bankruptcy. Husband and wife may **not** double. | NRS § 21.090(1)(m), § 115.010, § 115.020 | TBE (Tenancy by Entirety) not recognized; Nevada uses community property rules. |
| Annuity Contract Proceeds | Up to \$350/month (cites from older references). | NRS § 687B.290 | |
| Fraternal Benefit Society Benefits | Fully exempt. | NRS § 695A.220 | |
| Group Life or Health Policy / Proceeds | Fully exempt. | NRS § 687B.280 | |
| Health Proceeds or Avails | Fully exempt. | NRS § 687B.270 | |
| Life Insurance Policy / Proceeds if Annual Premiums ≤ \$1,000 | Exempt if premiums do not exceed \$1,000 annually. | NRS § 21.090(1)(k) | |
| Life Insurance Proceeds if You’re Not the Insured | Fully exempt from your creditors. | NRS § 687B.260 | |
| Property of Business Partnership | Exempt from individual partner’s creditors. | NRS § 87.250 | |
| ERISA-Qualified Benefits | Needed for support, up to \$100,000. | NRS § 21.090(1)(q) | |
| Public Employees | State or local government retirement fully exempt. | NRS § 286.670 | |
| Appliances, Household Goods, Furniture, Home/Yard Equipment | Up to \$3,000 total value. | NRS § 21.090(1)(b) | |
| Books to \$1,500 | Limit for personal/educational books. | NRS § 21.090(1)(a) | |
| Burial Plot | Fully exempt. | -- | Possibly under NRS references to cemetery property (452.550?), not explicitly cited in text. |
| Health Aids | Fully exempt (professionally prescribed). | NRS § 21.090(1)(p) | |
| Keepsakes & Pictures | Fully exempt personal items. | NRS § 21.090(1)(a) | |
| Metal-Bearing Ores, Geological Specimens, Art Curiosities, etc. | Must be arranged, classified, cataloged, and cross-referenced in reference books. | NRS § 21.100 | |
| Motor Vehicle to \$1,500 Equity | No limit if vehicle is equipped for disabled mobility. | NRS § 21.090(1)(f), (o) | |
| One Gun | Typically 1 firearm is fully exempt. | NRS § 21.090(1)(i) | |
| Aid to Blind, Disabled, AFDC | Fully exempt. | NRS § 422.291 | |
| Industrial Insurance (Workers’ Comp) | Fully exempt. | NRS § 616.550 | |
| Unemployment Compensation | Fully exempt. | NRS § 612.710 | |
| Vocational Rehabilitation Benefits | Fully exempt. | NRS § 615.270 | |
| Arms, Uniforms & Accouterments You’re Required to Keep | Fully exempt for official use. | NRS § 21.090(1)(j) | |
| Mining Cabin or Dwelling; Cars, Implements & Appliances for Mining Claim to \$4,500 | For a miner or prospector actively working a claim. | NRS § 21.090(1)(e) | |
| Farm Trucks, Stock, Tools, Equipment & Seed to \$4,500 | For a farmer’s implements essential to livelihood. | NRS § 21.090(1)(c) | |
| Library, Equipment, Supplies, Tools & Materials to \$4,500 | For a professional or trade worker (non-farmer/miner). | NRS § 21.090(1)(d) | |
| Wages | Minimum 75% of earned but unpaid wages exempt; bankruptcy judge may allow more if low income. | NRS § 21.090(1)(g) | |
| Wildcard | None specified in Nevada law. | -- |
This information is for general educational purposes only and does not constitute legal advice. Exemption amounts or references can be updated or interpreted differently by courts. Always consult a licensed Nevada bankruptcy attorney or refer to the Nevada Revised Statutes for precise, up-to-date amounts and applicability specific to your circumstances.