The Arizona legislature recently updated the Arizona
bankruptcy exemption dollar amounts. The changes went into effect on September
13, 2013. The dollar amounts changed for some, but not all, of the exemptions.
Below is a list of those that did change, along with the new dollar amounts.
- up to $300 in bank deposits
- up to $6,000 in motor
vehicle (to $12,000 if elderly or disabled)
- up to $6,000 in household furniture and appliances not covered by
- up to $1,000
total in bible, bicycle, sewing machine, typewriter, computer, burial
plot, rifle, pistol, or shotgun
- up to $400 in
- up to $800 in
- up to $2,000 in
engagement and wedding rings
- up to $150 in
- up to $5,000 in
tools of the trade, and
- prepaid rent or security deposit to lesser of $2,000 or
1.5 times rent (only if not claiming homestead).
For a full list of the current exemption amounts in California,
see Nolo’s article Arizona
Effective date: January 24, 2014