Arizona Bankruptcy Basics: The Cash Exemption

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When a debtor files Chapter 7 or 13 Bankruptcy in Arizona, the Trustee will follow both federal and state laws that apply to the proceedings that apply. State regulations vary in the specifics of what property is exempt. There is an exemption for cash, which covers the debtor’s bank accounts as well as the ready cash the debtor brings to the bankruptcy proceedings.

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Published In: Bankruptcy Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Marc Windtberg, Windtberg & Zdancewicz, PLC | Attorney Advertising

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