.

Arizona Exemption Notes

Arizona has opted out of the federal bankruptcy exemptions, so you are stuck with the exemptions found in the Arizona Revised Statutes and federal non-bankruptcy law.

With the passage of 2022 Proposition 209, Arizona increased its homestead exemption to $400,000,  adjusted for inflation every year, beginning January 1, 2024. ARS §33-1101 (D)

But spouses cannot double that exemption. 

Arizona also allows a very generous $15,000 motor vehicle exemption and $15,000 tools of trade exemption, but no “wildcard” exemption, but a $6,000 exemption for bank accounts. 

Other Discussions of Arizona Exemptions on the Web

  • Both Nolo, and UpSolve offer a discussion of Arizona exemptions, but may be out of date.

OPT OUT STATUS:

Can I use the §522(d) Federal Bankruptcy Exemptions in Arizona?

No. Federal Exemptions not available. Ariz. Rev. Stat. Ann. § 33-1133.

KEY EXEMPTIONS:

Homestead

$400,000 for real property, an apartment, or mobile home you occupy to; sale proceeds exempt 18 months after sale or until new home purchased, whichever occurs first (husband & wife may not double)

Motor Vehicle

Up to $6,000 ($12,000, if debtor is physically disabled)

Wildcard

None

Personal Property

household furniture & appliances to $6,000 (see );Books to $250; clothing to $500; wedding & engagement rings to $2,000; watch to $150; pets, horses, milk cows, & poultry to $800; musical instruments to $400; food and fuel to last six months; $500 of clothing; health aids (see details for more)

See Also:
ADVERTISEMENT -
AD_GOOGLE_2_RESPONSIVE_PRE_CONTENT
  • Homestead

  • Homestead [US] Real property, including co-op or mobile home, or burial plot to $27,900; unused portion of homestead to $13,950 may be applied to any property
  • Tenancy by Entirety

  • Tenancy by Entirety [US] Tenancy by entirety is exempt only if debtor chooses State & Non-bankruptcy exemptions.
  • Insurance — Life, Disability

  • Insurance — Life, Disability [US] Disability, illness, or unemployment benefits
  • Insurance — Life, Disability [US] Life insurance payments from policy for person you depended on, needed for support
  • Insurance — Life, Disability [US] Life insurance policy loan value, in accured dividends or interest, to $14,875
  • Insurance — Life, Disability [US] Unamtured life insurance contract, except credit insurance policy
  • Pensions & Retirement Savings

  • Pensions & Retirement Savings [US] All types of retirement funds and accounts that tax-exempt under IRC section 401, 403, 408, 408A, 414, 457, or 501(a) ; IRAs & Roth IRAs limited to $1,512,350 (excluding rollover contributions); limitation can be overidden by judge.
  • Personal Property

  • Personal Property [US] Animals, crops, clothing, appliances, books, furnishings, household goods, musical instruments to $700 per item, $14,875 total
  • Personal Property [US] Health aids
  • Personal Property [US] Jewelry to $1,875
  • Personal Property [US] Lost earnings payments
  • Personal Property [US] Motor vehicle to $4,450
  • Personal Property [US] Personal injury recoveries to $27,900 (not to include pain & suffering or pecuniary loss)
  • Personal Property [US] Wrongful death recoveries for person you depended on
  • Public Benefits

  • Public Benefits [US] Crime victims' compensation
  • Public Benefits [US] Social Security
  • Public Benefits [US] Unemployment compensation
  • Public Benefits [US] Veteran's benefits
  • Tools of Trade

  • Tools of Trade [US] Implements, books, & tools of trade to $2,800
  • Wages

  • Wages [US] None
  • Wild Card

  • Wild Card [US] $1,475 of any property
  • Wild Card [US] Up to $13,950 of unused homestead exemption amount, for any property.
  • Miscellaneous

  • Miscellaneous [US] Alimony, child support needed for support
  • ADVERTISEMENT -

    Free Bankruptcy Case Evaluation For Phoenix, AZ

    Do you have questions about filing bankruptcy in Arizona, and think you might need a bankruptcy lawyer? Use the form below to connect with the Nolo / Martindale network of bankruptcy lawyers For Phoenix, AZ.
    SPONSORED FORM - Nolo/Martindale Attorney Network