Wednesday, September 08, 2010

Can I keep my house if I file for bankruptcy?

You can keep your home in Nevada if the equity is less than $550,000.00 when filing for bankruptcy.

N.R.S. 21.090 (m) The dwelling of the judgment debtor occupied as a home for himself or herself and family, where the amount of equity held by the judgment debtor in the home does not exceed $550,000 in value and the dwelling is situated upon lands not owned by the judgment debtor.

Click Here for Nevada Exemptions (property you can keep)