Arizona State Economy:
Key industries: Tourism, finance, transportation, mining
Arizona Bankruptcy Court Locations:
Phoenix:
US Bankruptcy Court
230 N. 1st Ave., Suite 101
Phoenix, AZ
Tucson:
James A. Walsh Federal Courthouse
38 South Scott Avenue Ste 100,
Tucson, AZ 85701
Yuma:
John M. Roll U.S. Courthouse
98 West 1st Street, 2nd Floor
Yuma, AZ 85364
Flagstaff:
U.S. Magistrate Courtroom, AWD Building
123 North San Francisco Street
Flagstaff, AZ 86001
Bullhead City:
Mohave County Superior Court
2225 Trane Road, Courtroom R
Bullhead City, AZ 86442
Arizona State Exemptions
ASSET | EXEMPTION DESCRIPTION | LAW SECTION |
HOMESTEAD | Real property; an apartment or mobile home you occupy to $150,000; sale proceeds exempt 18 months after sale or until new home purchased, whichever occurs first (husband and wife may not double) | 33-1101 |
Must record homestead declaration before attempted sale of home | 33-1102 | |
PERSONAL PROPERTY
husband and wife may double all personal property exemptions |
2 beds and living room chair per person; 1 dresser, table, lamp, bedding per bed; kitchen table; dining room table and 4 chairs (1 more per person); living room carpet or rug; couch; 3 lamps; 3 coffee or end tables; pictures, paintings, drawings created by debtor; family portraits; refrigerator; stove; TV, radio or stereo; alarm clock; washer; dryer; vacuum cleaner to $4,000 total | 33-1123 |
Bank deposit to $150 in one account | 33-1126(A)(8) | |
Bible; bicycle; sewing machine; typewriter; burial plot; rifle, pistol or shotgun to $500 total | 33-1125 | |
Books to $250; clothing to $500; wedding and engagement rings to $1,000; watch to $100; pets, horses, milk cows and poultry to $500; musical instrument to $250; prostheses, including wheelchair | 33-1125 | |
Food and fuel to last 6 months | 33-1124 | |
Motor vehicle to $1,500 ($4,000, if disabled) | 33-1125(8) | |
Prepaid rent or security deposit to $1,000 or 1-1/2 times your rent, whichever is less, in lieu of homestead | 33-1126(D) | |
Proceeds for sold or damaged exempt property | 33-1126 (A)(5), (7) | |
INSURANCE | Fraternal benefit society benefits | 20-881 |
Group life insurance policy or proceeds | 20-1132 | |
Health, accident or disability benefits | 33-1126(A)(3) | |
Life insurance cash value to $1,000 per dependent ($25,000 total) (husband and wife may double) | 33-1126 (A)(3) | |
Life insurance cash value to $2,000 per dependent ($10,000 total) | 20-1131(D) | |
Life insurance proceeds to $20,000 if beneficiary is spouse or child (husband and wife may double) | 33-1126(A)(1) | |
MISC. | Minor child’s earnings, unless debt is for child | 33-1126(A)(2) |
Property of business partnership | 29-225 | |
PENSIONS
see also wages |
Board of regents members | 15-1628(I) |
ERISA-qualified benefits deposited more than 120 days before filing bankruptcy | 33-1126(B) | |
IRAs | In re Herrscher, 121 B.R. 29 (D. Ariz. 1990) | |
Firefighters | 9-968 | |
Police officers | 9-931 | |
Public safety personnel | 38-850(C) | |
Rangers | 41-955 | |
State employees | 38-762 | |
PUBLIC BENEFITS | Unemployment compensation | 23-783 |
Welfare benefits | 46-208 | |
Workers’ compensation | 23-1068 | |
TOOLS OF TRADE | Arms, uniforms and accouterments you are required to keep | 33-1130(3) |
Farm machinery, utensils, seed, instrument of husbandry, feed, grain and animals to $2,500 total (husband and wife may double) | 33-1130(2) | |
Teaching aids of teacher | 33-1127 | |
Tools, equipment, instruments and books (except vehicle driven to work) to $2,500 | 33-1130(1) | |
WAGES | Minimum 75% of earned but unpaid wages, pension payments; bankruptcy judge may authorize more for low-income debtors |