Arizona Bankruptcy Exemptions
Homestead
33-1101 - Up to $150,000. Includes apartments and mobile homes; and sale
proceeds up to 18 months after sale, or new home purchased, whichever occurs
first. May record homestead declaration. §33-1102.
Personal Property - Subject to doubling
33-1123 - The following items up to $4,000 total: Two beds; one bed table,
dresser and lamp; bedding; kitchen table and 4 chairs; dining table and 4
chairs; living room chair for each family member; couch; 3 living room
tables and lamps; living room carpet or rug; refrigerator; stove; washer and
dryer; one TV, radio or stereo; alarm clock; vacuum cleaner; family
portraits; pictures, paintings, and drawings created by the debtor.
Additional bed, and dining chair, for each additional dependent if more than
4 persons in household.
33-1124 - Food and fuel for 6 months.
33-1125 - Motor vehicle up to $5,000 (or $10,000 if disabled); clothing to
$500; pets, horses, milk cows and poultry to $500; books to $250; wedding
and engagement rings to $1,000; musical instruments to $250; watch to $100;
health aids; and up to $500 total for bicycle, sewing machine, typewriter,
burial plot, firearm and bible (only one of each may be kept).
33-1126 - Proceeds for sold or damaged exempt property; prepaid rent or
security deposit to lesser of $1,000 or 1.5 times rent (only if not claiming
homestead); bank deposit to $150 in one account.
Wages
33-1126 - Earnings of minor child, unless debt is for child.
33-1131 - Minimum of 75% of unpaid net wages or pension payments. Judge may
allow more.
Pensions
11 U.S.C. § 522 - Tax exempt retirement accounts. Traditional and Roth IRAs
up to $1,095,000 per person.
9-931 - Police officers.
9-968 - Firefighters.
15-1628 - Members of board of regents.
33-1126 - ERISA-qualified benefits, if deposited more than 120 days before
filing. IRAs and Roth IRAs.
38-762 - Retirement and disability of state employees.
41-955 - Rangers.
48-227 - District employees.
Public Benefits
23-783 - Unemployment compensation.
23-1068 - Workers' compensation.
46-208 - Welfare benefits.
Tools of Trade
33-1127 - Teaching aids of a teacher.
33-1130 - Tools, equipment and books up to $2,500; Farm machinery, utensils,
instruments of husbandry, feed, seed, grain and animals up to a total value
of $2,500; and arms, uniforms and equipment you are required by law to keep.
(Subject to doubling)
Insurance
20-877 - Fraternal benefit society benefits.
20-1131 - Life insurance proceeds if you have owned it at least 2 years and
the beneficiary is a spouse or child.
20-1132 - Group life insurance policy or proceeds.
33-1126 - Life insurance proceeds if beneficiary is spouse or child, up to
$20,000.
Misc.
33-1126 - Alimony or child support. Minor child's earnings if debt is not
for child.