Arkansas State Bankruptcy Exemptions
Laws That Keep Your Creditors' Hands Off Your Property
Exemptions are laws passed by every state that allow you to protect certain
types of your property from your creditors when you file bankruptcy-such as
your home, car, pensions and IRAs, motor vehicles, clothing, tools, and other
important property. Arkansas law provides a number of exemptions that protect
your property, and your Arkansas TotalBankruptcy.com attorney will be able to
advise you on which exemptions are best for you.
Homestead
1/4 acre in an urban setting or 80 acres in a rural setting with an unlimited
value.
Other Property
All clothing, regardless of value. An additional $500 for all other
property for those that are married or head of household. $200 for all
other property for those that are single.
Although, the Arkansas Bankruptcy Court has declared the state exemptions
unconstitutional, we have provided the full state exemptions for your review:
»
Read the complete Arkansas bankruptcy exemptions here.
Note: Exemptions may have changed since our last update. For the latest updates on these property exemptions, speak to a local bankruptcy lawyer.
» Click Here to read the Federal bankruptcy
exemptions
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