Doubling bankruptcy exemptions
Nevada is one of a few states which allows married couples to double the amount of their exemptions in bankruptcy. What this means is that married couples can keep twice as much property out of the hands of creditors.
In Nevada, instead of one vehicle, married couples can keep two vehicles worth up to $15,000 each. Instead of $12,000 in household goods, furniture, appliances, home and yard equipment, married couples can keep up to $24,000. Instead of $5,000 worth of books, jewelry, musical instruments, and works of art, married couples keep up to $10,000. The list goes on.
Better yet, married couples file on the same bankruptcy petition meaning that attorneys fees and filing fees do not double. In fact the fees paid to your bankruptcy lawyer and the court are identical to single filers.