Bankruptcy exemptions allow a debtor to protect property needed to work and live after a bankruptcy proceeding. Nevada has changed its homestead exemption effective October 1, 2019. A homestead exemption protects the equity in the filer's residential domicile.
Bankruptcy exemptions change regularly. Take steps to avoid property loss by verifying all bankruptcy exemption amounts through independent research or by consulting with a local bankruptcy attorney.
Effective date: October 1, 2019