Source: http://exemptions.diydbankruptcy.com/Exemptions/arkansas.aspx
Timestamp: 2014-10-24 23:47:32
Document Index: 482916636

Matched Legal Cases: ['§ 16', '§ 23', '§ 24', '§ 16', '§ 23', 'Art 9', '§ 6', 'Art 9', '§3', '§ 16', '§ 23', '§ 23', '§ 23', '§ 23', '§ 16', '§ 16', '§ 16', '§ 16', '§ 24', '§ 24', '§ 24', 'Art 9', '§ 2', 'Art 9', '§ 1', '§ 23', '§ 16', '§ 24', '§ 24', '§ 24', '§ 24', '§ 20', '§ 16', '§ 6', '§ 11', 'Art 9', '§ 1', '§ 16', '§16', '§ 11']

ARKANSAS BANKRUPTCY EXEMPTION LIST - CODE
The following is a summary of the Arkansas exemptions that can be claimed (used) to exempt both your real and personal property in a bankruptcy petition. Arkansas residents may use either the Arkansas exemptions or the Federal exemptions; however, if your residence has not been continuously in the state of Arkansas for the two years prior to filing a bankruptcy petition, there are laws as whether you are able use the state versus federal exemptions. Exempt property of a debtor is property of the debtor that is not available to be used (sold) to pay his/her unsecured creditors and is not subject to the claims of unsecured creditors, but may be subject to the rights of secured creditors and lien holders. When reviewing the list for exemptions for your own property you should be aware that there may not be a "matching" exemption. Some state exemptions contain a "wildcard" which can be used if a matching exemption cannot be found in the list of exemptions. Also, an individual must own an interest in the property to claim the property as exempt. The debtor may exempt the equity (value of property less the total amount owed against it) however; any equity value in the property above the exemption amount may be subject to the claims of unsecured creditors.
Aggregate Interest In Real/Pers. Prop.
ACA § 16-66-218(a)(1)
ACA § 23-79-134
UNLIMITED Arkansas Public Employees' Retirement System
ACA § 24-4-1002
UNLIMITED Burial Grounds
ACA § 16-66-207
UNLIMITED Fraternal Benefit Society Benefits
ACA § 23-74-403
UNLIMITED Homestead Of Deceased
Const. Art 9, § 6
UNLIMITED Homestead Of Resident
Const. Art 9, §§3,4,5 ACA § 16-66-210
$2,500.00 $5,000.00 Insurance Benefits - Disability
ACA § 23-79-133
UNLIMITED Insurance Benefits - Mutual Assessment Life and Disability
ACA § 23-72-114
$1,000.00 $2,000.00 Insurance Benefits - Stipulated Premium
ACA § 23-71-112
UNLIMITED Insurance Proceeds - Group Life
ACA § 23-79-132
UNLIMITED Insurance Proceeds - Life, Accident Etc.
ACA § 16-66-209
UNLIMITED Interest in Real or Personal Property
UNLIMITED IRA Contributions
ACA § 16-66-218(b)(16)
$20,000.00 $20,000.00 Motor Vehicle
ACA § 16-66-218(a)(2)
$1,200.00 $2,400.00 Net Earnings
ACA § 16-66-208
UNLIMITED Pension Benefits - Firemen's
ACA § 24-11-814
UNLIMITED Pension Benefits - Judges and Court Employees
ACA § 24-8-823
UNLIMITED Pension Benefits - Policemen's
ACA § 24-11-417
UNLIMITED Pers. Prop. - Married Or Head Of House
Const. Art 9, § 2
$500.00 $1,000.00 Pers. Prop. - Unmarried Not Head Of Home
Const. Art 9, § 1
$200.00 $400.00 Prepaid Funeral Trusts
ACA § 23-40-117
UNLIMITED Retirement Benefits
ACA § 16-66-220
UNLIMITED Retirement Benefits - Local Police, Fire
ACA § 24-10-616
UNLIMITED Retirement Benefits - State Highway Employees
ACA § 24-5-117
UNLIMITED Retirement Benefits - State Police
ACA § 24-6-223
UNLIMITED Retirement Benefits - Teachers
ACA § 24-7-715
UNLIMITED Special Needs Trust Revolving Fund
ACA § 20-77-704
ACA § 16-66-218(a)(4)
$750.00 $1,500.00 Tuition Savings Contributions
ACA § 6-84-110
UNLIMITED Unemployment Compensation Benefits
ACA § 11-10-109
UNLIMITED Wearing Apparel
Const. Art 9, §§ 1 & 2
UNLIMITED Wedding Bands and Rings
ACA § 16-66-218(a)(3), ACA §16- 66-219
ACA § 11-9-110