Debt Free Bankruptcy

Henderson Nevada Bankruptcy

Nevada exemptions from bankruptcy

Nevada Bankruptcy Law exempts some property from inclusion in your bankruptcy filing, including:

• A homestead with up to $550,000 in equity
• 75% of your weekly earnings
• One vehicle with equity up to $15,000
• Necessary clothing, certain books and family pictures
• Household goods not to exceed $12,000 in value
• 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

Some people may think that the new bankruptcy law makes it impossible to obtain bankruptcy protection under Chapter 7 Bankruptcy. However, this is a myth. Chapter 7 bankruptcy liquidates and discharges many of your debts and is available to people who can pass a means test. Chapter 7 is usually the easiest and most cost-effective way of obtaining debt relief.  Visit with one of our experienced Henderson, Nevada Bankruptcy Attorneys and see if a bankruptcy is the right fit for you.