Arizona Bankruptcy Exemptions

Federal bankruptcy exemptions available? NO

The references to Arizona statutes are to the Arizona Revised Statutes.


United States Bankruptcy Court, District of Arizona

Arizona Bankruptcy Attorneys

Arizona Bankruptcy Exemptions
Assets Exemption State Statute
Homestead Equity in real property, an apartment, condo, coop,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.
Police officer pensions: all. 9-931
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 32-1391.05(4)
Household furnishings, furniture, consumer electronic devices, appliances: up to $6,000. 33-1123
Fuel and food: enough to last six months. 33-1124
Personal property consisting of a family Bible, bicycle, sewing machine, typewriter, computer  burial plot: up to $1,000. 33-1125
Books: up to $250 for a single person. 33-1125
Clothing: up to $500. 33-1125
Wedding and engagement rings: up to $2,000. 33-1125
All firearms: up to $2,000. 33-1125
Watch: up to $250. 33-1125
Horses, milk cows, and poultry: up to $1000. 33-1125
Musical instruments: up to $400. 33-1125
Domestic animals or pets: all. 33-1125
Motor vehicle: up to $6,000. 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 $300 in single account. 33-1126(A)(9)
Housing deposits of renters (rent and security deposits): up to $2,000. 33-1126(C)
Public Benefits Unemployment compensation benefits: all. 23-783(A)
Worker’s compensation benefits: all. 23-1068(B)
Welfare benefits: all. 46-208
Tools of Your Trade For a teacher: all library, philosophical, and chemical or other apparatus used in teaching. 33-1127
Tools, equipment, instruments, and books: up to $5,000. 33-1130(1)
Farm machinery, utensils, seeds, instruments of husbandry, feed, grain, and animals: up to $2,500. 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: lesser of 75% of disposable earnings or 30 times the federal minimum hourly rate, up to 50% of wages for support orders.  33-1131
Wildcard No exemption.