Bankruptcy, Restructuring, and Creditors’ Rights
But the Homestead Protection Increased to $250,000October 8, 2021
As the final part of our review of Arizona House Bill 2617 (AZ HB 2617), we will review the impact of the Bill on individual judgment debtors. The first two blogs can be found here.
AZ HB 2617 increases the homestead exemption amount from $150,000 to $250,000 and makes no changes to a homeowner’s eligibility to qualify for the homestead exemption.
A nonconsensual lien, including a judgment lien from a civil judgment, now entitles a creditor to a forced sale of the homestead property if
Continue Reading But the Homestead Protection Increased to $250,000