Arkansas Bankruptcy Exemptions - All Categories

 

A detailed listing of state and federal exemption laws, with statutory citations.

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Arkansas Exemptions Summary:

Homestead

For married person or head of family: unlimited exemption on real or personal property used as residence to 1/4 acre in city, town, or village, or 80 acres elsewhere; if property is between 1/4 to 1 acre in city, town, or village, or 80-160 acres elsewhere, additional limit is $2,500; homestead may not exceed 1 acre in city, town, or village, or 160 acres elsewhere (husband & wife may not double)

Vehicle Exemption

$200 is maximum personal property exemption allowed under the Arkansas Constitution, although the statute allows an exemption of $1,200. Courts have held that amounts in excess of the Arkansas constitution are unconstitutional.

Personal Property

Clothing, wedding rings (see wild card). However, $200 is maximum personal property exemption allowed under the Arkansas Constitution, even if a statute allows more.

Wild Card


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Jurisdictional relevance: ST

There are versions of this article for each State.