Bankruptcy Laws in Nevada.

Approximate annual median: 1 person ~$61,000; 2 persons ~$74,000; 3 persons ~$82,000; 4 persons ~$106,000. Households below the median qualify for Chapter 7 without the full means test. No state income tax eliminates tax refund clawback concerns.

Protects up to $605,000 in home equity — one of the most generous in the nation. Requires a recorded homestead declaration with the county recorder prior to filing. If the home was acquired within 1,215 days before filing, federal law caps the exemption at $214,000.

Protects up to $15,000 in motor vehicle equity. Unlimited if the vehicle is disability-equipped.

Protects up to $10,000 in any personal property (no real estate). Can be stacked on top of other exemptions.

Libraries/art/musical instruments/jewelry: $5,000. Professional library/equipment/supplies: $10,000. Mining/prospecting tools: $4,500. One firearm: unlimited. Retirement accounts: up to $500,000 (SEP/IRA).

The greater of 82% of disposable earnings (if gross weekly wage is $770 or less), 75% (if over $770), or 50x the federal minimum hourly wage is exempt from garnishment.