What Properties Are Exemptible As Per Nevada Bankruptcy Laws?
Like most of the other states, Nevada also follows specific set of Nevada bankruptcy laws. Therefore, if you are a permanent resident of Nevada or the primary place of your business has been Nevada, and you are planning to file court petition for insolvency in the bankruptcy court, it is important for you to be aware of the specific laws that the state follows. You should note that the liquidation code is all the same in all the states of America. In particular, you must note the way the various properties exemptions have been interpreted in the state. Nevada is one of those few states in America that follows a very liberal attitude towards debtors especially when it is about exempting the various properties. Following are the various exemptible properties as per the impoverishment rules and regulations. Residential Properties Exemption The maximum amount that is exemptible under the homestead properties category is $125,000. The homestead properties include both real and mobile reside
