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Legal Helpers Phoenix bankruptcy attorneys can put Arizona's personal property exemptions to work for you.
Your Legal Helpers Phoenix bankruptcy attorneys can use Arizona state law to protect your equity in your personal property. That means that they can put much of what you own out of the reach of creditors. Our bankruptcy attorneys provide all the information you need in your specific case. Legal Helpers prides itself on the excellent service they provide to clients.
Take advantage of a Phoenix bankruptcy attorneys expertise in determining what property you own which may be exempt.
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Here are a few of the exemptions that good Phoenix bankruptcy attorneys use to help their clients keep their cherished possessions. These are included to simply give you an idea of what your Phoenix bankruptcy attorneys can use in handling your case. The practical application of these Arizona exemptions require you to sit with your bankruptcy attorneys and gain true legal consultation about what is best for you. Additionally, the exemptions below are not an exhaustive list. Therefore you should contact Legal Helpers Arizona bankruptcy attorneys to determine the other types of property that you own which may be exempt.
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Homestead Exemption:
This exemption can be used to protect up to $100,000 of the equity in your house, condominium, or in a mobile home and land upon which it is located. Unfortunately the total exemption claimed by both spouses may not exceed $100,000 even if a joint bankruptcy is filed.
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Motor Vehicle Exemption:
Your lawyers can use this exemption to protect $5,000 of the value of any one motor vehicle listed in your filing. Additionally, if you are considered physically disabled then your lawyer can protect up to $10,000 in value of the vehicle.
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Household Furniture Exemption:
This exemption allows your lawyers to protect up to $4,000 of your household furniture in items ranging from your kitchen table to your living room couch.
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Life Insurance Proceeds Exemption:
This exemption can protect up to $20,000 of the value in life insurance that insured the life of an individual of whom you were a dependent, to the extent reasonably necessary for your support or the support of your dependent(s).
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Retirement Plan Exemption:
Your lawyers can prevent creditors from touching the proceeds of your many types of retirement plans. They can exempt anything from stock bonuses, pensions, profit sharing plans and annuities as long as your savings match a specific type of retirement plan.
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Unemployment Compensation Benefits Exemption:
Your lawyers can protect all of your unemployment compensation from creditors' reach.
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Worker's Compensation Exemption:
This exemption can help to protect 100% of the compensation you receive under Arizona workers' compensation laws.
Above are just a few of the Arizona state exemptions that could play a major role in your case. Contact the Arizona lawyers at Legal Helpers today to find out how these and other state exemptions can help you save your personal property!
Use our free legal evaluator to see if you should contact Legal Helpers