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Avoid Mistakes When Planning and Filing Virginia Bankruptcy Cases
The best-planned bankruptcy cases go unnoticed. A few debtors glide through the system without attracting attention and receive full discharges in record time. Luck is not involved, but rather each successful debtor begins planning strategically a few weeks or months in advance. These debtors know something that you don’t.
Free - 2010 Bankruptcy Strategies Explained
Ask a Bankruptcy Lawyer for Help – Expand Your Options Quickly
If you are thinking about filing Chapter 7 or Chapter 13 bankruptcy, you are not alone. Complete the form below to contact a sponsoring bankruptcy lawyer. Ask all questions you deem important without cost or obligation of any kind. Free help is only a few minutes away.
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Arizona Bankruptcy Laws - Miscellaneous Exemptions
Arizona Revised Statures provides the following items are exempt:
- Minor child’s earnings, unless debt is for child 33-1126(A)(2)
- Property of business partnership 29-225
- 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 33-1131.
Operation of Arizona bankruptcy laws with the Code
According to 11 U.S.C. 522(l) The debtor shall file a list of property that the debtor claims as exempt
under subsection (b) of this section. If the debtor does not file such a list, a dependent of the debtor may
file such a list, or may claim property as exempt from property of the estate before the Arizona bankruptcy
court. Unless a
party in interest objects, the property claimed as exempt on such list is exempt. The trustee, creditors, an
interested party, or the court upon it's own motion, may file an objection to exemptions designated within a
debtor's schedule. Denial requires notice to debtors and hearing.
Back to Arizona Bankruptcy Laws.
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