What Creditors Can't Take in Nevada
Money, home and vehicle exemptions that protect your property from creditors in Nevada.
Short answer: Yes. When a personal bank account is levied, $400 (or the whole balance if less) automatically stays available to the debtor. NRS 21.105; NRS 21.090(1)(z)
| Money protected in a bank account | Yes. When a personal bank account is levied, $400 (or the whole balance if less) automatically stays available to the debtor. If federal benefits such as Social Security were directly deposited within the prior 45 days, $2,000 (or the whole balance if less) stays available instead. The debtor may also claim up to $10,000 in any other property, including money on deposit, under the 'wildcard' exemption. Source: NRS 21.105; NRS 21.090(1)(z) |
|---|---|
| Homestead exemption | Up to $605,000 in equity in a homestead. The exemption does not apply to debts for the purchase price or improvements, mortgages, or taxes. It covers all equity if allodial title has been established. |
| Vehicle exemption | One vehicle if the debtor's equity is $15,000 or less (or the creditor pays the excess). A vehicle equipped or modified for a person with a permanent disability is fully exempt. Source: NRS 21.090(1)(f), (p) |
| Bankruptcy exemptions | Nevada is an opt-out state: the federal bankruptcy exemptions in 11 U.S.C. 522(d) do not apply to Nevada residents, who use Nevada's exemptions. Source: NRS 21.090(3) |
Where to get help in Nevada
- Nevada Financial Institutions Division (licenses and regulates collection agencies)
- File a complaint or claim
More Nevada debt & collections
- Statute of Limitations on Debt in Nevada
- Wage Garnishment in Nevada
- How to Respond to a Debt Collection Lawsuit in Nevada
- Medical Debt Protections in Nevada
- All Nevada debt & collections rules
FAQ
How much money in a bank account is protected from creditors in Nevada?
Yes. When a personal bank account is levied, $400 (or the whole balance if less) automatically stays available to the debtor. If federal benefits such as Social Security were directly deposited within the prior 45 days, $2,000 (or the whole balance if less) stays available instead. The debtor may also claim up to $10,000 in any other property, including money on deposit, under the 'wildcard' exemption.
What is the homestead exemption in Nevada?
Up to $605,000 in equity in a homestead. The exemption does not apply to debts for the purchase price or improvements, mortgages, or taxes. It covers all equity if allodial title has been established.
Can a creditor take my car in Nevada?
One vehicle if the debtor's equity is $15,000 or less (or the creditor pays the excess). A vehicle equipped or modified for a person with a permanent disability is fully exempt.
Which bankruptcy exemptions can I use in Nevada?
Nevada is an opt-out state: the federal bankruptcy exemptions in 11 U.S.C. 522(d) do not apply to Nevada residents, who use Nevada's exemptions.
General legal information, not legal advice. Laws change and local rules can differ; check the linked official source or talk to a lawyer about your situation.