Question By: It's best to know what you may lose before you file rather than being surprised when the trustee compels you to turn over an asset you wanted to keep.
In Arizona, you will likely be able to keep your home, one car per filer, your furniture and household belongings, your clothes, any firearms, wedding rings, and retirement accounts.
Anything valued higher than what the exemption affords, any tax refunds you have not yet received, including the tax refund you may receive for the year after your case is filed, and any high-value jewelry, collectibles, artwork, and another real estate besides your primary residence are assets that have no protection.
If you need help in a bankruptcy case, you can trust Jim Gaudiosi, Attorney at Law to get you the help you need.
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