Many people put off getting the financial help they need because they are worried about losing personal property — If you are filing bankruptcy in Arizona, you should know that the law allows people to protect some of their property from creditors' claims.
At the Law Offices of Campbell & Coombs, P.C., we can help you understand what property you may protect. By sitting down and talking openly with you about your options, our lawyers can help you anticipate how Arizona bankruptcy laws will affect you and your family. Together, we can recommend the best possible course of action.
You may be able to keep several different types of property:
- Homestead: You can claim an exemption for your interest in the property on which your house, condominium, cooperative or mobile home sits in the amount of $150,000.
- Personal property: You can claim exemptions for household furniture, furnishings and appliances, as well as other personal property such as food, fuel, clothing, musical instruments, wedding rings, watches, books, cars, pets and farm animals. The law is very specific as to the items that are protected, so it is a good idea to check with an attorney before you make legal decisions.
- Money, benefits or proceeds: You can claim an exemption for life insurance proceeds as well as your child's earnings, child support or spousal maintenance, health, accident, and disability insurance benefits.
- Retirement accounts and pensions: You can claim exemptions for benefits, annuities, and employee or employer contributions established by the Arizona Board of Regents.
- Other items: You may also claim exemptions for school equipment, firefighting equipment, tools and equipment, and other public property.
Each case is different. Legal counsel should be consulted to determine what property can be claimed as exempt under Arizona law. Attorney Harold Campbell is a Certified Bankruptcy Specialist by the State Bar of Arizona who uses in-depth knowledge and extensive legal experience to guide clients through the bankruptcy process. Along with his partner Scott Coombs and attorneys Ryan Hicks, Maureen McAuliffe and John Yohe, Harold Campbell is dedicated to protecting your assets and family to the fullest extent allowed by law.
At our Arizona law firm, members of our legal team can talk with you about your options for protecting your property under Arizona and federal laws. We use in-depth knowledge to help you achieve the best possible results.
Every case is unique. Your exemptions may be different if you have not lived in Arizona for 24 consecutive months, so it is important to talk with an attorney about what can be protected — and what cannot.
Contact Us About Bankruptcy Homestead Exemptions in Chandler
To talk to a Mesa bankruptcy exemption attorney, call for a free and confidential consultation. Our bankruptcy lawyers serve clients statewide and are available by calling 480-630-3186 or toll free at 866-430-1277. You may also contact us online for bankruptcy information.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
