“Exempt” property or an “exemption” refers to property you get to keep after filing for bankruptcy. In Nevada, one of the exemptions is a “wildcard” exemption. The wildcard exemption can be applied to any property that otherwise would not be exempt in bankruptcy. In Nevada, as of 2017, the wildcard exemption is $10,000 if you are single filer or $20,000 if you are filing with your spouse.
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The bankruptcy trustee typically looks at all of your economic activities for two years prior to the filing date of your bankruptcy petition.
The most common question that we receive, is when will I receive my Chapter 7 bankruptcy discharge.
In Nevada, the law with respect to mortgage deficiency judgments changed on October 1, 2009.
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