Arizona exemptions laws to increase in 2013

thumbs upDiane Drain and Dwayne Farnsworth were part of a small band of other consumer bankruptcy attorneys who successfully accomplished that which many Arizona citizens have needed for more than 30 years.  This small group pushed through a change in most of the Arizona Exemptions laws.  Most of these exemptions had not changed since 1982.  The changes will not take effect until early fall.  New bankruptcy cases filed after the effective date will be able to use the increased exemptions.  Generally the changes will increase household goods and furniture to $6,000, vehicles to $6,000, cash in bank account to $300, and tools of the trade to $5,000.  These numbers are per adult.   As to household goods and furnishings – the old exemption list which details the number of chairs and beds is done away with.  The new law merely sets forth all household goods and furnishings.  This will now include computers, microwave ovens and lawn furniture.

Normally individuals who file bankruptcy in Arizona use the Arizona exemptions.  This change in the law will be welcome by all Arizona citizens and their bankruptcy attorneys.

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2 Response Comments

  • Grace  November 7, 2013 at 7:06 am

    I have a lawyer that has been thnenteriag to garnish my wages for a debt that my ex wife signed for. I was deployed to the desert when my ex agreed to have the roof redone. I never signed any paperwork or anything. In fact I didn’t even know about the work until the day they showed up to the house and started ripping the roof off. During that time, we were getting divorced and she filed bankruptcy to which the roof was included. Now, over four years later, they are telling me that I am now accountable for the debt. I never agreed to a anything on this! Am I now responsible for this? Thanks

    Reply
    • Diane Drain  November 9, 2013 at 12:38 pm

      Unfortunately, I don’t know where you live so I cannot give you legal advice. Please call if you live in Arizona. If not, there might be a volunteer lawyer program for our military.

      Don’t do anything without talking to an experienced attorney.

      Diane L. Drain, Arizona bankruptcy attorney

      Reply

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