Arizona Bankruptcy Forms - AZ Bankruptcy Exemptions and Court Information

FEDERAL BANKRUPTCY EXEMPTIONS ARE NOT AVAILABLE All law references are to Arizona Bankruptcy Code.
ASSET	EXEMPTION	LAW PROVISION
HOMESTEAD	Real property; an apartment or mobile home you occupy to $150,000; sale proceeds exempt 18 months after sale or until new home purchased, whichever occurs first (husband and wife may not double)	33-1101
HOMESTEAD	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 $5,000 ($10,000, 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, child or legal guardian	33-1126(A)(1)
MISCELLANEOUS	Minor child’s earnings, unless debt is for child	33-1126(A)(2)
MISCELLANEOUS	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

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