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Bankruptcy Rules in Arizona

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    Chapter 7 Bankruptcy

    • If you choose to file Chapter 7 Bankruptcy in Arizona, your debts will be erased, with the exception of child support, alimony, criminal fines, back taxes and certain purchases and cash advances made close to the time you filed for bankruptcy.

    Chapter 13 Bankruptcy

    • Arizona Chapter 13 bankruptcy will not erase your debts, but it will allow you to restructure them so that you can pay them back.

    House and Car

    • Under Arizona bankruptcy law, you will be able to exempt your home and vehicle from settlement and not be forced to forfeit them as part of your settlement.

    Other Exemptions

    • In Arizona, you may generally exempt your furniture, personal effects, pets, food and wedding rings.

    Retirement Accounts

    • If you file for bankruptcy in Arizona, you will still be able to keep your retirement savings.

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