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Home » Blogs » Bankruptcy » Exempt Assets

Exempt Assets

NRS 21.090 Property Exempt from Execution

  • Private libraries, art, instruments, and jewelry (Up to $5,000) and all family keepsakes (example: wedding ring)
  • Household goods, furnishings, clothing, electronics (Up to $12,000)
  • One vehicle (equity up to $15,000)
  • 75 percent of disposable income (disposable income is defined as income after deductions).
  • One firearm
  • Life Insurance benefits
  • Home (up to $550,000)
  • Rental security deposit
  • Any prosthesis or medical devices
  • Funds (up to $500,000), if obtained through:
    • IRA
    • Pension Plan
    • Cash Deferment (examples: cafeteria plan or health care flexible spending account)
    • Stock bonus, pension or profit-sharing plan
    • 529 College Saving Plans (unless the money is deposited after the entry of a judgment)
  • Child support payments
  • Alimony payments
  • Personal Injury Compensation (up to $16,150, but not including pain and suffering or actual pecuniary losses)
  • Payment received for wrongful death
  • Social Security payments
  • Money, stocks, bonds, or other funds (up to $1,000)
  • Tax refund that is from the Earned Income Credit (benefit for certain people who work and have low to moderate wages. A tax credit means more money in your pocket. It reduces the amount of tax you owe and may also give you a refund.)
  • Money for funeral or burial services
  • Unemployment compensation
  • Benefits from Public Employee`s Retirement System
  • Public assistance funds
  • Child welfare assistance from a governmental entity

To see an entire list of exempt assets see NRS 21.090.

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