Arizona Bankruptcy Exemption List

Only State Exemptions Allowed

In the state of Arizona you can not use the federal bankruptcy exemptions but must choose the Arizona Bankruptcy exemptions. There may be certain federal supplemental exemptions you can use. All exemptions should be discussed with your Arizona Bankruptcy Attorney.

Arizona has created bankruptcy exemptions to allow you to maintain enough public benefits, wages, personal property and insurance to start over after filing bankruptcy in Arizona. There may be certain residency requirements to use the State of Arizona Bankruptcy Exemption List.

The following table will outline the Arizona Bankruptcy Exemptions. Some of your property or assets may not have a matching exemption.

Exemptions Exemption Amount Statutes
Homestead

Up to $150,000.

Includes apartments and mobile homes; and sale proceeds up to 18 months after sale, or new home purchased, whichever occurs first.

Husband and wife may not double. May record homestead declaration. §33-1102.
33-1101
Public Benefits

Unemployment compensation.

Workers' compensation.

Welfare benefits
23-783
23-1068
46-208
Insurance

Fraternal benefit society benefits.

Life insurance proceeds if you have owned it at least two years and the beneficiary is a spouse or child.

Group life insurance policy or proceeds.

Life insurance proceeds if beneficiary is spouse or child, up to $20,000.

Disability, accident or health benefits. Proceeds or cash value of life insurance or annuity contract if the beneficiary is a dependent member of the family and the contract has been owned longer than two years.
20-877
20-1131
20-1132
33-1126
Miscellaneous Alimony or child support. Minor child's earnings if debt is not for child 33-1126
Pensions

Tax exempt retirement accounts. Traditional and Roth IRAs up to $1,095,000 per person.

Police officers.

Firefighters.

Members of board of regents as well as administrative officers and faculty under the board's jurisdiction.

ERISA-qualified benefits, if deposited more than 120 days before filing. IRAs & Roth IRAs.

Retirement and disability of state employees.
Rangers.

District employees.
11 U.S.C. § 522
9-931
9-968
15-1628
33-1126
38-762
41-955
48-227

Personal Property

(Subject to doubling)

Wrongful death awards.

Funeral deposits up to $5,000.

The following items up to $4,000 total: Two beds; one bed table, dresser and lamp; bedding; kitchen table and 4 chairs; dining table and 4 chairs; living room chair for each family member; couch; 3 living room tables and lamps; living room carpet or rug; refrigerator; stove; washer and dryer; one TV, radio or stereo; alarm clock; vacuum cleaner; family portraits; pictures, paintings, and drawings created by the debtor.

Food and fuel for six months.

Motor vehicle up to $5,000 (or $10,000 if disabled); clothing to $500; pets, horses, milk cows and poultry to $500; books to $250; wedding and engagement rings to $1,000; musical instruments to $250; watch to $100; health aids; and up to $500 total for bicycle, sewing machine, typewriter, burial plot, firearm and bible.

Proceeds for sold or damaged exempt property; prepaid rent or security deposit to lesser of $1,000 or 1.5 times rent (only if not claiming homestead); bank deposit to $150 in one account.
12-592
32-1391.05
33-1123
33-1124
33-1125
33-1126
Tools of the Trade

Teaching aids of a teacher.

Tools, equipment and books up to $2,500; Farm machinery, utensils, instruments of husbandry, feed, seed, grain and animals up to a total value of $2,500; and arms, uniforms and equipment you are required by law to keep. Subject to doubling.
33-1127
33-1130
Wages 75% of earned but unpaid net wages or 30 times the federal minimum hourly wage. Judge may allow more for low-income debtors. 33-1131

For more information call us at 866-210-1722 or fill out the form below.
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