I own some land. Will I lose it?
November 10, 2014
It depends on which state’s exemptions need to be used. If Arizona’s exemptions are the ones that need to be used, you will be able to keep one house if it has equity of less than $150,000 (unless you recently purchased the property, in which case the exemption amount is slightly lower) and meets several other conditions. We will analyze this for you at your first appointment. However, what you own is only raw land and it has value, you are likely to risk losing it in a chapter 7 bankruptcy in Arizona, if Arizona’s exemptions apply.
![10 best attorney awards logo](https://thomaslawoffice.net/wp-content/uploads/2023/03/10_best_award_logo.png)
![client champion logo](https://thomaslawoffice.net/wp-content/uploads/2023/03/client_champion_logo.png)
![Top 10 Family Law Attorney Award](https://thomaslawoffice.net/wp-content/uploads/2023/03/best_of_best_award_logo.png)
![25th anniversary logo](https://thomaslawoffice.net/wp-content/uploads/2023/03/25th_anniversary_logo.png)
![nopath logo](https://thomaslawoffice.net/wp-content/uploads/2023/03/nopath_logo.png)
![best of the best award](https://thomaslawoffice.net/wp-content/uploads/2023/05/Best-of-Best-Award-2023-e1684959991585.jpg)
![NAFLA Award](https://thomaslawoffice.net/wp-content/uploads/2023/05/NAFLA-2023-Award-e1684959883631.png)
![Top 10 award](https://thomaslawoffice.net/wp-content/uploads/2023/05/Top-10-Award.png)
Serving Phoenix, Scottsdale, Mesa, Tempe, Paradise Valley, Glendale, Peoria, Surprise, and the Greater Phoenix, Arizona Metropolitan Area