Arizona Bankruptcy Exemptions
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Written by
Jeffrey Johnson
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UPDATED: Jul 16, 2021
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Federal bankruptcy exemptions available? NO
The references to Arizona statutes are to the Arizona Revised Statutes.
Resources:
United States Bankruptcy Court, District of Arizona
| 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. | |