Arizona Bankruptcy Exemptions

On this page you can find all of the exemptions for Arizona . Exemptions are the property that you can keep when you file bankruptcy.

CATEGORY
PROPERTY
AMOUNT
STATUTE
Homestead
Homestead, consisting of debtor's interest in real property used as residence, in a condominium or cooperative, or in a mobile home and land upon which it is located
$150,000
Ariz. Rev. Stat. § 33-1101A
Motor Vehicle
1 motor vehicle used primarily for personal, family or household purpose. (In case of married persons, each spouse may claim exemption, which may be combined with other spouses’ exemption in same property.)
$5000 ($10,000 if debtor physically disabled)
Ariz. Rev. Stat. § 33-1125(8)
Wild Card
One single bank account
$150 (except child support obligations)
Ariz. Rev. Stat. § 33-1126A(9)
Wages / Wage Garnishment
Wages
$50/week +$15/wk. for each dependent
Ariz. Rev. Stat. § 23-755(D)
Wages / Wage Garnishment
Disposable earnings (earnings less deduction required by law) - includes pension, retirement and deferred compensation payments
75% or 30 times the federal minimum hourly wage per week, whichever is greater.
Ariz. Rev. Stat. § 33-1131(B)
Insurance
Fraternal Benefit Society benefits
100%
Ariz. Rev. Stat. § 20-877
Insurance
Cash surrender value of debtor’s life insurance policies payable to debtor’s spouse, child, parent, siblings or dependent
100% (except child support obligations) (debtor must own policies for at least 2 years)
Ariz. Rev. Stat. § 33-1126A(6) Ariz. Rev. Stat. § 20-1131(D)
Insurance
Insurance proceeds for damage or destruction of exempt property
100% of exemption given for damaged or destroyed property
Ariz. Rev. Stat. § 33-1126A(5)
Insurance
Health, accident or disability insurance benefits
100% (except child support obligations) (certain debts excepted)
Ariz. Rev. Stat. § 33-1126A(4)
Insurance
Life insurance proceeds paid or payable to surviving spouse or child
$20,000 (except child support obligations) (excludes cash value increases caused by excessive payments in previous 2 years)
Ariz. Rev. Stat. § 33-1126A(1)
Insurance
Prearranged funeral benefits
$5,000
Ariz. Rev. Stat. § 32-1391.05(C)(4)
Insurance
Public officers long term disability benefits
100%
Ariz. Rev. Stat. §38-797.11
Insurance
Group life insurance policy or proceeds
100%
Ariz. Rev. Stat. §20-1132
Personal Property
Domestic pets, horses, milk cows, and poultry
$500
Ariz. Rev. Stat. § 33-1125(3)
Personal Property
Musical instruments of debtor & family
$250
Ariz. Rev. Stat. § 33-1125(2)
Personal Property
Proceeds from annuity contract owned by debtor for 2 years or more
100% (except child support obligations)
Ariz. Rev. Stat. § 33-1126A(7)
Personal Property
Wearing apparel
$500
Ariz. Rev. Stat. § 33-1125(1)
Personal Property
Professionally prescribed prostheses, including a wheelchair
100%
Ariz. Rev. Stat. § 33-1125(9)
Personal Property
Food, fuel and provisions for 6 months
100%
Ariz. Rev. Stat. § 33-1124
Personal Property
1 watch
$100
Ariz. Rev. Stat. § 33-1125(6)
Personal Property
1 kitchen table, 1 dining room table, 4 chairs for each table (plus 1 chair per table for each dependent residing in household exceeding 4) 1 living room couch, 1 living room chair plus 1 per dependent residing in household, 3 living room coffee or end tables, 3 living room lamps, 1 living room carpet or rug, 2 beds plus 1 per dependent residing in household, 1 bed table, dresser and lamp per each allowed bed, bedding for each allowed bed, pictures, oil paintings and drawings made by debtor, family portraits and frames, 1 television set, 1 radio, 1 stove, 1 refrigerator, 1 washing machine, 1 clothes dryer, 1 vacuum cleaner
$4,000 aggregate value
Ariz. Rev. Stat. § 33-1123
Personal Property
1 typewriter, 1 bicycle, 1 sewing machine, a family bible, a lot in burying ground, 1 rifle, shotgun, or pistol
$4,000 aggregate value
Ariz. Rev. Stat. § 33-1125(7)
Personal Property
Library
$250
Ariz. Rev. Stat. § 33-1125(5)
Personal Property
Engagement and wedding rings
$1,000
Ariz. Rev. Stat. § 33-1125(4)
Pensions / Retirement Accounts
Retirement benefits-Rangers
100%
Ariz. Rev. Stat. § 41-955
Pensions / Retirement Accounts
All property of judgment debtor
100% exempt from execution in favor of another state for failure to pay that state’s income tax on pension or retirement benefits received while the debtor was an AZ resident
Ariz. Rev. Stat. § 33-1151
Pensions / Retirement Accounts
Retirement benefits-Corrections officers'
100%
Ariz. Rev. Stat. § 38-897(B)
Pensions / Retirement Accounts
Interest of debtor as participant or alternate payee in retirement or deferred compensation plan qualified under Internal Revenue Code
100% (contributions by participant made within 120 days of filing of petition are not exempt)
Ariz. Rev. Stat. § 33-1126B
Pensions / Retirement Accounts
Retirement benefits-Public safety personnel
100%
Ariz. Rev. Stat. § 38-850(C)
Pensions / Retirement Accounts
Retirement benefits-Elected officials
100%
Ariz. Rev. Stat. § 38-809(B)
Pensions / Retirement Accounts
State employees' retirement benefits
100%
Ariz. Rev. Stat. § 38-792
Pensions / Retirement Accounts
Teachers' retirement benefits
100%
Ariz. Rev. Stat. § 38-792
Pensions / Retirement Accounts
Police pension benefits
100%
Ariz. Rev. Stat. §9-931
Pensions / Retirement Accounts
Taxing district employee retirement benefits
100%
Ariz. Rev. Stat. § 48-227
Pensions / Retirement Accounts
Firemen's relief and pension benefits
100%
Ariz. Rev. Stat. § 9-968
Tools of the Trade
School equipment, books, and teaching aids
100%
Ariz. Rev. Stat. §33-1127
Tools of the Trade
Arms, uniforms and accoutrements required by law to be kept by debtor
100%
Ariz. Rev. Stat. § 33-1130(3)
Tools of the Trade
Machinery, utensils, feed, grain, seed and animals of farmer
$2,500
Ariz. Rev. Stat. § 33-1130(2)
Tools of the Trade
Necessary tools, equipment, instruments and books used in business or profession by debtor or spouse
$2500 (does not include personal motor vehicle)
Ariz. Rev. Stat. § 33-1130(1)
Public Benefits
Welfare assistance
100%
Ariz. Rev. Stat. § 46-208
Public Benefits
Unemployment compensation benefits
100% (except child support obligations)
Ariz. Rev. Stat. § 23-783(A)
Public Benefits
Workmen's compensation benefits
100%
Ariz. Rev. Stat. § 23-1068(B)
Miscellaneous
Damages for wrongful levy or execution
100% (except child support obligations)
Ariz. Rev. Stat. § 33-1126A(8)
Miscellaneous
Funds received by or payable to debtor as child support or spousal maintenance under court order
100% (except child support obligations)
Ariz. Rev. Stat. § 33-1126A(3)
Miscellaneous
Earnings of minor child
100% (except child support obligations)
Ariz. Rev. Stat. § 33-1126A(2)
Miscellaneous
Wrongful death benefits
100%*
Ariz. Rev. Stat. § 12-592
Miscellaneous
Specific partnership property
100% of partner's interest
Ariz. Rev. Stat. § 29-1041
Miscellaneous
Prepaid rent and security deposits for debtor's residence
Lesser of $1,000 or 1 1/2 months rent (except child support obligation) (cannot be claimed if homestead exemption is claimed
Ariz. Rev. Stat. § 33-1126C

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