| Arizona Bankruptcy Exemptions |
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| Assets |
Exemption |
State Statute |
| Homestead |
Equity
in real property, an apartment, or a mobile home: up to $150,000 for a single
person or married couple. The same amount of the proceeds from the sale of a
residence is exempt for up to 18 months after the sale of a homestead or
until a new home is purchased, whichever happens first. |
33-1101A |
|
If there are multiple parcels that might be claimed as a homestead, the
debtor can record a homestead declaration to identify which parcel is the
homestead |
33-1102 |
| Insurance |
Benefits from a fraternal benefit society: all. |
20-877 |
|
Insurance
policy or annuity contract cash value/proceeds: all if the policy has been
owned for 2 years and the beneficiary is a dependent member of the debtor’s
family. |
20-1131(D); 33-1126(A)(6) |
|
Group life insurance policy/proceeds: all. |
20-1132 |
|
Insurance proceeds: up to $20,000 if the beneficiary is the debtor' child
or spouse. |
33-1126(A)(1) |
|
Disability, health, or accident benefits: all. |
33-1126(A)(4) |
| Miscellaneous |
Earnings of a minor child: all, unless the debt was incurred for the
benefit of the child. |
33-1126(A)(2) |
|
Alimony and child support: all necessary for support. |
33-1126(A)(3) |
| Pensions |
Federal pension exemptions. |
|
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Police officer pensions: all. |
9-931 |
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Firefighter pensions: all. |
9-968 |
|
Board of regents or faculty or administrative officer under that board’s
jurisdiction pensions: all. |
15-1628(1) |
|
ERISA-qualified benefits: all deposited more than 120 days before filing
for bankruptcy. |
33-1126(B) |
|
IRAs and Roth IRAs: all. |
33-1126(B) |
|
State employee retirement and disability benefits: all. |
38-792; 38-797.11 |
|
Ranger pensions: all. |
41-955 |
|
District employee pensions: all. |
48-227 |
| Personal Property |
Recovery for wrongful death: all. |
12-592 |
|
Funeral deposits: up to $5,000 for a single person; up to $10,000 for a
married couple. |
32-1391.05(4) |
|
Household property consisting of: 2 beds, 2 sets of bedding, 1 dresser, 1
bedroom table, 1 bedroom lamp, 1 kitchen table, 1 dining table with 4 chairs
plus 1 per person, living room carpet or rug, 1 couch, 1 living room chair
per person, 3 lamps, 3 coffee or end tables, all pictures, paintings,
personal drawings, family portraits, 1 refrigerator, 1 stove, 1 washer, 1
dryer, 1 vacuum cleaner, 1 TV, 1 radio and 1 alarm clock: up to $4,000 for a
single person; up to $8,000 for a married couple. |
33-1123 |
|
Fuel and food: enough to last six months. |
33-1124 |
|
Personal property consisting of a Bible, bicycle, sewing machine,
typewriter, burial plot, rifle, pistol, or shotgun: up to $500 for a single
person; up t $1,000 for a married couple. |
33-1125 |
|
Books: up to $250 for a single person; up to $500 for a married couple. |
33-1125 |
|
Clothing: up to $1,000 for a single person; up to $2,000 for a married
couple. |
33-1125 |
|
Wedding and engagement rings: up to $1,000 for a single person; up to
$2,000 for a married couple. |
33-1125 |
|
Watch: up to $100 for a single person; up to $200 for a married couple. |
33-1125 |
|
Horses, milk cows, and poultry or pets: up to $500 for a single person;
up to $1,000 for a married couple. |
33-1125 |
|
Musical instruments: up to $250 for a single person; up to $500 for a
married couple. |
33-1125 |
|
Motor vehicle: up to $5,000 for a single person; up to $10,000 for a
married couple. The exemption is doubled for a disabled person. |
33-1125(8) |
|
Professionally prescribed prostheses for the debtor or a dependent of the
debtor, including a wheelchair. |
33-1125(9) |
|
Proceeds from the sale or loss of exempt property: all. |
33-1126(A)(5), (8) |
|
Bank account: up to $150 in 1 account for a single person, up to $300 for
a married couple. |
33-1126(A)(9) |
|
Housing deposits of renters (rent and security deposits): up to $1,000 or
an amount equal to 1.5 the debtor’s rent, whichever is less, for a single
person, up to $2,000 or 1.5 the joint rent, whichever is lowest, for a
married couple. |
33-1126(C) |
| Public Benefits |
Unemployment compensation benefits: all. |
23-783(A) |
|
Worker’s compensation benefits: all. |
23-1068(B) |
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Welfare benefits: all. |
46-208 |
| Tools of Your Trade |
For a teacher: all library and teaching aids. |
33-1127 |
|
Tools, equipment, instruments, and books: up to $2,500 for a single
person; up to $5,000 for a married couple. |
33-1130(1) |
|
Farm machinery, utensils, seeds, instruments of husbandry, feed, grain,
and animals: up to $2,500 for a single person; up to $5,000 for a married
couple. |
33-1130(2) |
|
Arms, uniforms, and accoutrements of any profession or office that are
required by law: all. |
33-1130(3) |
| Wages |
Wages earned but not yet paid: at least 75% or 30 times the federal
minimum hourly rate, which ever is less; up to 50% of wages for support orders. The bankruptcy
judge can order a higher percentage for low-income debtors. |
33-1131 |
| Wildcard |
No exemption. |
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