This page provides general legal information and calculation tools, not legal advice. DocketMath is not a law firm and does not provide legal representation, and using this site does not create an attorney-client relationship. Laws change and exceptions apply, so deadlines and amounts specific to your situation should be confirmed with a licensed attorney in your jurisdiction.

Bankruptcy Exemption in Nevada

Nevada’s homestead exemption protects up to $15,000 of equity in a primary residence from creditors in bankruptcy. This figure, set by Nev. Rev. Stat. § 21.090, applies to the dwelling and the land it occupies. The exemption covers only the debtor’s interest in the property, and any equity above $15,000 may be subject to claims by the bankruptcy trustee. Married couples filing jointly may each claim the exemption, effectively doubling the protected amount under certain conditions. Federal law under 11 U.S.C. § 522(p) imposes additional limits if the property was acquired shortly before filing. The statute also provides exceptions for certain debts, such as child support or tax liens, which the official source details. The calculator below can estimate how the $15,000 exemption applies to a specific home equity amount.

Governing authority

In Nevada, the bankruptcy exemption rule is set by Nev. Rev. Stat. §§ 21.090, 115.010, 31.295; 11 U.S.C. § 522(p). The verified packet cites Nev. Rev. Stat. §§ 21.090, 115.010, 31.295; 11 U.S.C. § 522(p) (https://www.leg.state.nv.us/NRS/NRS-021.html#NRS021Sec090).

Nevada bankruptcy exemption: the verified value is $15,000 under Nev. Rev. Stat. §§ 21.090, 115.010, 31.295; 11 U.S.C. § 522(p). The verified packet cites Nev. Rev. Stat. §§ 21.090, 115.010, 31.295; 11 U.S.C. § 522(p) (https://www.leg.state.nv.us/NRS/NRS-021.html#NRS021Sec090).

Estimate your own result: every situation has exceptions that can change the outcome. Use the bankruptcy exemption calculator to estimate your specific figure.

This page provides general legal information and calculation tools, not legal advice. DocketMath is not a law firm and does not provide legal representation, and using this site does not create an attorney-client relationship. Laws change and exceptions apply, so deadlines and amounts specific to your situation should be confirmed with a licensed attorney in your jurisdiction.