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Arkansas Bankruptcy Exemptions

What Exemptions are allowed when filing bankruptcy in Arkansas?

Below is a list of some of the available Arkansas bankruptcy exemptions. This list only identifies a small fraction of the exemptions available in Arkansas and there are many exemptions (such as retirement accounts, life insurance, and trade tools) that are not listed and may be beneficial to you. Talk to a qualified Arkansas bankruptcy attorney in your area to have all the available exemptions explained to you. Only an Arkansas bankruptcy attorney can properly list and explain all of the applicable exemptions offered in Arkansas.

Arkansas Bankruptcy Exemptions

Homestead
$2,500
Personal property
$200.00
Life and disability insurance
$1,000
IRA contributions
$20,000
Motor vehicle
$1,200
Tools of Trade
$750.00

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