Judgment Execution and Bankruptcy in Arizona

Your Arizona debt settlement attorney can and will advise you regarding the court judgement exemptions in the state Arizona. Your attorney will tell you there are some thing the creditor cannot “take” by way of execution of a judgment. There is an extensive list of these items in the Arizona state statutes. By enactment of laws exempting certain property from court judgment execution the State Legislature is trying to assure that a judgment debtor cannot be made completely destitute.

Moreover, the United States Federal Bankruptcy Code provides exemptions as to what can be taken from the debtor. The idea for these exemptions is the same as that regarding the exemption of certain items from execution under a court judgment.

The following is list of property exempted under the Bankruptcy provisions of the state of Arizona:

PROPERTY

Real property, an apartment, or mobile home you occupy to $150,000; sale proceeds exempt 18 months until new homestead purchased whichever occurs first (no doubling of homestead exemption if married
Bank deposits up to $150 in one account
Automobile to $5,000 ($10,000 if disabled)
Bible, bicycle, sewing machine, typewriter, burial plot, rifle, pistol, or shotgun to $500 combined
Books to $250, musical instruments to $250
Food and fuel to last 6 months
Funeral deposits up to $5,000
Health aids
Prepaid rent or security deposit to $1,000 or 1 ½ times your rent whichever is less, in lieu of homestead
Proceeds for sold or damaged exempt property
Wrongful death awards

INSURANCE
Fraternal benefits society benefits
Group life insurance policy or proceeds
Life insurance cash value or proceeds to $ 25,000 total if beneficiary is spouse or child and owned at least 2 years
Health, accident, or disability benefits

Bankruptcy Courts
U.S. Bankruptcy Court
230 N. First Avenue, Suite 101
Phoenix AZ 85003
602 682 4000

U.S. Bankruptcy Court
38 South Scott Avenue
Tucson, AZ 85701
520 202 7500

U.S. Bankruptcy Court
325 W. 19th street, Suite D
Yuma, AZ 85364
828 783 2288

U.S. Bankruptcy Court
3001 N. Main Street, Suite 2E
Prescott Valley, AZ 86314
602 682 4000

Get more information about debt relief and debt help in Arizona:

 Debt Settlement And Debt Relief Laws In Arizona

Statute Of Limitations

 Judgment Execution And Bankruptcy