Bankruptcy by State
Bankruptcy in Nevada
How Nevada's bankruptcy exemptions, Chapter 7 income limits, and filing volume compare to the rest of the country.
Homestead exemption
$605,000
#3 of 51
Vehicle exemption
$15,000
#4 of 51
Median income (1 person)
$72,222
Chapter 7 means-test threshold
Annual filings
9,407
Year 2025
Nevada vs. national medians
National medians are calculated across all 51 states plus the District of Columbia. Ranks run from #1 (highest) to #51 (lowest). Where a state publishes a range or a conditional amount, the exemption is shown in full and ranked by its guaranteed minimum.
| Metric | Nevada | National median | Rank |
|---|---|---|---|
| Homestead exemption | $605,000 | $90,000 | #3 of 51 |
| Motor vehicle exemption | $15,000 | $7,250 | #4 of 51 |
| Median income (1-person household) | $72,222 | $71,745 | #25 of 51 |
| Median income (4-person household) | $114,110 | $126,058 | #41 of 51 |
| Annual bankruptcy filings | 9,407 | 8,707 | #24 of 51 |