Arizona Bankruptcy Exemptions 2021
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Written by Upsolve Team.
Updated January 22, 2021
It's important to understand what the exemptions for Arizona are and how they're most often used in a bankruptcy case.
How Do Exemptions Work?
When you file for Chapter 7 bankruptcy, one of the biggest questions is whether or not you will be able to keep your property.
That depends on which property exemptions you can use on your bankruptcy forms. They are called exemptions because they “exempt” -- or “excuse” -- certain property from being taken. In most cases, exemptions protect most day-to-day items that you own, unless you have expensive property like a house or a car.
Certain exemptions protect entire categories of property like retirements accounts, regardless of value. Other exemptions only protect specific property like a vehicle up to a certain value.
If you're looking for a deep understanding of bankruptcy exemptions, read this article.
Does Arizona allow federal exemptions?
Arizona does not recognize the federal exemptions.
Every state has its own set of property exemptions. And some states also allow you choose between their exemptions and a set of federal bankruptcy exemptions. When they do, they will generally let you to choose the system that is the best fit for you. Although some states allow you to use the federal bankruptcy exemptions, others do not.
Arizona Exemptions
11 U.S.C. § 522(b)(3)(C)
Most people use 11 U.S.C. § 522(b)(3)(C) to cover tax exempt retirement accounts. For single debtors filing, it has no coverage limit.
5 U.S.C. §§ 8437(e)(g), 11 U.S.C. § 541(c)(2)
Most people use 5 U.S.C. §§ 8437(e)(g), 11 U.S.C. § 541(c)(2) to cover thrift savings plan. For single debtors filing, it has no coverage limit.
Ariz. Rev. Stat. § 33-1125 (8)
Most people use Ariz. Rev. Stat. § 33-1125 (8) to cover motor vehicle (one vehicle). For single debtors filing, it has a coverage limit of $6,000. This exemption has a limit to the number of assets it can cover.
Ariz. Rev. Stat. § 33-1123
Most people use Ariz. Rev. Stat. § 33-1123 to cover household goods and furnishings, appliances. For single debtors filing, it has a coverage limit of $6,000.
Ariz. Rev. Stat. § 33-1125 (7)
Most people use Ariz. Rev. Stat. § 33-1125 (7) to cover one computer, one bicycle, or a lot in any burial ground of not more than an aggregate fair market value of two thousand dollars. For single debtors filing, it has a coverage limit of $2,000. This exemption has a limit to the number of assets it can cover.
Ariz. Rev. Stat. § 33-1125 (5)
Most people use Ariz. Rev. Stat. § 33-1125 (5) to cover books, library. For single debtors filing, it has a coverage limit of $250.
Ariz. Rev. Stat. § 33-1125 (2)
Most people use Ariz. Rev. Stat. § 33-1125 (2) to cover musical instruments. For single debtors filing, it has a coverage limit of $400.
Ariz. Rev. Stat. § 33-1125 (10)
Most people use Ariz. Rev. Stat. § 33-1125 (10) to cover firearms. For single debtors filing, it has a coverage limit of $2,000.
Ariz. Rev. Stat. § 33-1125 (1)
Most people use Ariz. Rev. Stat. § 33-1125 (1) to cover wearing apparel. For single debtors filing, it has a coverage limit of $500.
Ariz. Rev. Stat. § 33-1125 (6)
Most people use Ariz. Rev. Stat. § 33-1125 (6) to cover watch (one). For single debtors filing, it has a coverage limit of $250. This exemption has a limit to the number of assets it can cover.
Ariz. Rev. Stat. § 33-1125 (4)
Most people use Ariz. Rev. Stat. § 33-1125 (4) to cover wedding rings. For single debtors filing, it has a coverage limit of $2,000.
Ariz. Rev. Stat. § 33-1125 (11)
Most people use Ariz. Rev. Stat. § 33-1125 (11) to cover non-farm animals. For single debtors filing, it has no coverage limit.
Ariz. Rev. Stat. § 33-1125 (9)
Most people use Ariz. Rev. Stat. § 33-1125 (9) to cover health aids. For single debtors filing, it has no coverage limit.
Ariz. Rev. Stat. § 33-1124
Most people use Ariz. Rev. Stat. § 33-1124 to cover food and fuel for 6 months. For single debtors filing, it has no coverage limit.
Ariz. Rev. Stat. § 32-1391.05 (C)(4)
Most people use Ariz. Rev. Stat. § 32-1391.05 (C)(4) to cover funeral deposits. For single debtors filing, it has a coverage limit of $5,000.
Ariz. Rev. Stat. § 33-1126 (B)
Most people use Ariz. Rev. Stat. § 33-1126 (B) to cover erisa (employee retirement account). For single debtors filing, it has no coverage limit.
Ariz. Rev. Stat. § 15-1628 (I)
Most people use Ariz. Rev. Stat. § 15-1628 (I) to cover rangers' pensions. For single debtors filing, it has no coverage limit.
Ariz. Rev. Stat. § 33-1126 (B)
Most people use Ariz. Rev. Stat. § 33-1126 (B) to cover police pensions. For single debtors filing, it has no coverage limit.
Ariz. Rev. Stat. § 38-850 (C)
Most people use Ariz. Rev. Stat. § 38-850 (C) to cover public safety personnel. For single debtors filing, it has no coverage limit.
Ariz. Rev. Stat. § 33-1126 (B)
Most people use Ariz. Rev. Stat. § 33-1126 (B) to cover ira & roth ira. For single debtors filing, it has no coverage limit.
Ariz. Rev. Stat. § 15-1628 (I)
Most people use Ariz. Rev. Stat. § 15-1628 (I) to cover board of regents. For single debtors filing, it has no coverage limit.
Ariz. Rev. Stat. § 48-227
Most people use Ariz. Rev. Stat. § 48-227 to cover district employees. For single debtors filing, it has no coverage limit.
Ariz. Rev. Stat. § 9-968
Most people use Ariz. Rev. Stat. § 9-968 to cover firefighters pensions. For single debtors filing, it has no coverage limit.
Ariz. Rev. Stat. § 38-792; Ariz. Rev. Stat. § 38-797.11
Most people use Ariz. Rev. Stat. § 38-792; Ariz. Rev. Stat. § 38-797.11 to cover state employees. For single debtors filing, it has no coverage limit.
Ariz. Rev. Stat. § 33-1126 (C); Ariz. Rev. Stat. § 33-1321 (A)
Most people use Ariz. Rev. Stat. § 33-1126 (C); Ariz. Rev. Stat. § 33-1321 (A) to cover security deposits - if not claiming homestead. For single debtors filing, it has a coverage limit of $2,000.
Ariz. Rev. Stat. § 33-1126 (A)(7)
Most people use Ariz. Rev. Stat. § 33-1126 (A)(7) to cover annuities for dependent, owned min 2 years. For single debtors filing, it has no coverage limit.
In re Herrscher, 121 B.R. 29 (D. Ariz. 1990)
Most people use In re Herrscher, 121 B.R. 29 (D. Ariz. 1990) to cover interests in an education ira, in an account in a qualified able program, or under a qualified state tuition program. For single debtors filing, it has no coverage limit.
Ariz. Rev. Stat. § 33-1126 (A)(3)
Most people use Ariz. Rev. Stat. § 33-1126 (A)(3) to cover alimony child support. For single debtors filing, it has no coverage limit.
Ariz. Rev. Stat. § 33-1126 (A)(5); Ariz. Rev. Stat. § 33-1126 (A)(8)
Most people use Ariz. Rev. Stat. § 33-1126 (A)(5); Ariz. Rev. Stat. § 33-1126 (A)(8) to cover damaged property proceeds. For single debtors filing, it has no coverage limit.
Ariz. Rev. Stat. § 33-1126 (A)(2)
Most people use Ariz. Rev. Stat. § 33-1126 (A)(2) to cover minor child's earnings. For single debtors filing, it has no coverage limit.
Ariz. Rev. Stat. § 23-783 (A)
Most people use Ariz. Rev. Stat. § 23-783 (A) to cover unemployment compensation. For single debtors filing, it has no coverage limit.
Ariz. Rev. Stat. § 46-208
Most people use Ariz. Rev. Stat. § 46-208 to cover welfare benefits. For single debtors filing, it has no coverage limit.
Ariz. Rev. Stat. § 20-877
Most people use Ariz. Rev. Stat. § 20-877 to cover fraternal benefit. For single debtors filing, it has no coverage limit.
Ariz. Rev. Stat. § 33-1126 (A)(4)
Most people use Ariz. Rev. Stat. § 33-1126 (A)(4) to cover health, accident, disability benefits. For single debtors filing, it has no coverage limit.
Ariz. Rev. Stat. § 33-1131
Most people use Ariz. Rev. Stat. § 33-1131 to cover unpaid wages - 75% of disposable earnings, 50% for support. For single debtors filing, it has no coverage limit.
Ariz. Rev. Stat. § 12-592
Most people use Ariz. Rev. Stat. § 12-592 to cover wrongful death awards. For single debtors filing, it has no coverage limit.
Ariz. Rev. Stat. § 23-1068
Most people use Ariz. Rev. Stat. § 23-1068 to cover workers' compensation. For single debtors filing, it has no coverage limit.
Ariz. Rev. Stat. § 33-1126 (A)(6); Ariz. Rev. Stat. § 20-1131 (D)
Most people use Ariz. Rev. Stat. § 33-1126 (A)(6); Ariz. Rev. Stat. § 20-1131 (D) to cover life insurance (cash surrender). For single debtors filing, it has no coverage limit.
Ariz. Rev. Stat. § 33-1126 (A)(1)
Most people use Ariz. Rev. Stat. § 33-1126 (A)(1) to cover life insurance (for spouse, child). For single debtors filing, it has a coverage limit of $20,000.
Ariz. Rev. Stat. § 20-1132
Most people use Ariz. Rev. Stat. § 20-1132 to cover life insurance (group). For single debtors filing, it has no coverage limit.
Ariz. Rev. Stat. § 33-1127
Most people use Ariz. Rev. Stat. § 33-1127 to cover teaching equipment. For single debtors filing, it has no coverage limit.
Ariz. Rev. Stat. § 33-1130 (1)
Most people use Ariz. Rev. Stat. § 33-1130 (1) to cover other office equipment. tools of trade (including intangible). customer lists, mailing lists, or other compilations. For single debtors filing, it has a coverage limit of $5,000.
Ariz. Rev. Stat. § 33-1130 (3)
Most people use Ariz. Rev. Stat. § 33-1130 (3) to cover arms, uniforms - required by low. For single debtors filing, it has no coverage limit.
Ariz. Rev. Stat. § 33-1125 (3)
Most people use Ariz. Rev. Stat. § 33-1125 (3) to cover animals & livestock. For single debtors filing, it has a coverage limit of $1,000.
Ariz. Rev. Stat. § 33-1130 (2)
Most people use Ariz. Rev. Stat. § 33-1130 (2) to cover farming equipment, feed, animals. For single debtors filing, it has a coverage limit of $2,500.
Ariz. Rev. Stat. § 33-1126 (A)(9)
Most people use Ariz. Rev. Stat. § 33-1126 (A)(9) to cover deposits (in one account). For single debtors filing, it has a coverage limit of $300. This exemption has a limit to the number of assets it can cover.
