|
ASSET
|
EXEMPTION DESCRIPTION
|
LAW SECTION
|
|
HOMESTEAD
|
Real property; an apartment or mobile home you
occupy to $100,000; sale proceeds exempt 18 months after
sale or until new home purchased, whichever occurs first (husband and
wife may not double)
|
33-1101
|
|
Must record homestead declaration before attempted
sale of home
|
33-1102
|
|
PERSONAL PROPERTY
husband and wife may double all personal property
exemptions
|
2 beds and living room
chair per person; 1 dresser, table, lamp, bedding per bed;
kitchen table; dining room table and 4 chairs (1 more
per person); living room carpet or rug; couch; 3 lamps; 3
coffee or end tables; pictures, paintings, drawings created by debtor;
family portraits; refrigerator; stove; TV, radio or stereo; alarm
clock; washer; dryer; vacuum cleaner to $4,000 total
|
33-1123
|
| |
Bank deposit to $150 in one account
|
33-1126(A)(8)
|
| |
Bible; bicycle; sewing machine; typewriter; burial
plot; rifle, pistol or shotgun to $500 total
|
33-1125
|
| |
Books to $250; clothing to $500;
wedding and engagement rings to $1,000; watch to $100;
pets, horses, milk cows and poultry to $500; musical instrument
to $250; prostheses, including wheelchair
|
33-1125
|
| |
Food and fuel to last 6 months
|
33-1124
|
| |
Motor vehicle to $1,500 ($4,000, if
disabled)
|
33-1125(8)
|
| |
Prepaid rent or security deposit to $1,000 or
1-1/2 times your rent, whichever is less, in lieu of homestead
|
33-1126(D)
|
| |
Proceeds for sold or damaged exempt property
|
33-1126 (A)(5), (7)
|
|
INSURANCE
|
Fraternal benefit society benefits
|
20-881
|
| |
Group life insurance policy or proceeds
|
20-1132
|
| |
Health, accident or disability benefits
|
33-1126(A)(3)
|
| |
Life insurance cash value to $1,000 per
dependent ($25,000 total) (husband and wife may double)
|
33-1126 \(A)(3)
|
| |
Life insurance cash value to $2,000 per
dependent ($10,000 total)
|
20-1131(D)
|
| |
Life insurance proceeds to $20,000 if
beneficiary is spouse or child (husband and wife may double)
|
33-1126(A)(1)
|
|
MISC.
|
Minor child’s earnings, unless debt is for
child
|
33-1126(A)(2)
|
| |
Property of business partnership
|
29-225
|
|
PENSIONS
see
also wages
|
Board of regents members
|
15-1628(I)
|
| |
ERISA-qualified benefits deposited more than 120
days before filing bankruptcy
|
33-1126(B)
|
| |
IRAs
|
In re Herrscher, 121
B.R. 29 (D. Ariz. 1990)
|
| |
Firefighters
|
9-968
|
| |
Police officers
|
9-931
|
| |
Public safety personnel
|
38-850(C)
|
| |
Rangers
|
41-955
|
| |
State employees
|
38-762
|
| PUBLIC
BENEFITS |
Unemployment
compensation |
23-783 |
| |
Welfare
benefits |
46-208 |
| |
Workers’ compensation |
23-1068 |
| TOOLS
OF TRADE |
Arms,
uniforms and accouterments you are required to keep |
33-1130(3) |
| |
Farm
machinery, utensils, seed, instrument of husbandry, feed, grain and
animals to $2,500 total (husband and wife may double) |
33-1130(2) |
| |
Teaching
aids of teacher |
33-1127 |
| |
Tools,
equipment, instruments and books (except vehicle driven to work) to $2,500 |
33-1130(1) |
| WAGES |
Minimum 75%
of earned but unpaid wages, pension payments; bankruptcy judge may
authorize more for low-income debtors |
33-1131 |
