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    Arizona

    ARIZONA
    In general, a debtor may claim exemption of his homestead and certain personal property from attachment and execution of a judgment, or in a bankruptcy proceeding.

    Any person the age of eighteen or over, married or single, who resides within the state of Arizona, may hold as a homestead exempt from attachment, execution and forced sale, not exceeding one hundred thousand dollars in value ($150,000), his interest in his dwelling which may include real property, a condominium or cooperative, or a mobile home. Only one homestead exemption may be held by a married couple or a single person under the provisions of Arizona law. (ARS 33-1101, et seq.)
    Personal property exemption may include household furniture, furnishings and appliances, the total value of which does not exceed $4,000.00;
    food, fuel and provisions for the debtor's individual or family use for six months;
    personal items up to specific values prescribed by law;
    life insurance proceeds - Cash Surrender Value $25,000 and Life Insurance proceeds of $20,000,
    Motor Vehicle $5,000 or $10,000 if disabled,
    Pets, horses, cows, poultry $500.
    retirement funds,
    Wearing apparel $500,
    One watch $100,
    Musical instrument $250,
    Money in one bank account $150,
    Books and personal documents $250,
    Personal tools, firearms and a burial plot $500,
    Farm machinery, feed, grain, seed and animals $2,500,
    Engagement and wedding rings $1,000,
    and tools and equipment used in a commercial activity, and trade, business or profession $2,500.
    Any person the age of eighteen years or over, married or single, who resides within this state and who does not exercise the homestead exemption may claim as a personal property homestead exempt from all process prepaid rent, including security deposits as provided in ARS 33-1321, subsection A, for the claimant's residence, not exceeding the lesser of one thousand dollars or one and one-half months' rent. (ARS 33-1126.)
    www.BankruptcyForum.com

    #2
    Where does a person get a copy of the current exemptions for AZ. At first glance at the above it would seem some of the numbers are different than others I have come across while searching the net. Specifically the vehicle value.

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      #3
      Here is the link for bankruptcy exemptions http://www.azb.uscourts.gov/Document...exemptions.pdf
      Arizona Bankruptcy Info

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        #4
        "food, fuel and provisions for the debtor's individual or family use for six months"

        does this mean you are allowed to have the cash equiviant to the 6 months allowed for food and fuel on hand?

        Comment


          #5
          Originally posted by waldo05 View Post
          "food, fuel and provisions for the debtor's individual or family use for six months"

          does this mean you are allowed to have the cash equiviant to the 6 months allowed for food and fuel on hand?
          No, but you can actually have 6 months worth of those items. You can stock pile your basement and garage.
          Filed CH13 - 06/2009
          Confirmed - 01/2010

          Comment


            #6
            so I could purchase a gas card for the allowed amount?

            Comment

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