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Foreclosure & Alternatives Law

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Can I Keep My Home If I File Bankruptcy in Nevada?

Nevada allows homeowners to keep $550,000 of the equity in their home from creditors that do not have a direct security interest in the property. That means that if the homeowner has $550,000 or less of equity in his or her home and continues to make regular mortgage payments that the homeowner is likely to keep the home even if he or she files for bankruptcy protection.