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Robertson, Oswalt, Nony

Due to precautions related to COVID-19, we have expanded our options for remote consultations. Please contact our office to discuss whether a full phone consultation or video conference is appropriate for your situation.


Making a


Difference In Your Life

Helping You Keep Your Assets With Property Exemptions


Contrary to what many people believe, most people can keep all or most of their property after a bankruptcy filing. The state of Arkansas allows people filing bankruptcy to use either the Arkansas or federal property exemptions.

Which set of exemptions is better for you as you start the bankruptcy process? That question can be answered only after a careful review of your situation. But generally speaking, the federal exemptions are more generous than the Arkansas exemptions.

Helping You Choose Between Arkansas And Federal Property Exemptions

At Robertson, Oswalt, Nony & Associates, our attorneys have a comprehensive understanding of the bankruptcy laws. We use this knowledge and our experience to protect our clients’ property and to help them get maximum debt relief.

Arkansas exemptions — You can protect your residence from the reach of creditors, subject to an acreage restriction (one-quarter acre for town property and 80 acres for rural property). You may also exempt your clothes and up to $500 of personal property ($200 if you are single with no dependents). If you are married, each spouse can exempt up to $500 of personal property.

Federal exemptions — The exemptions listed below are for a single person. Exemptions for married couples are twice the amounts shown.

  • Home equity — $21,265
  • Vehicle — $3,450
  • Personal property — $10,775
  • Jewelry — $1,450
  • Wild card — $1,150 for any property plus up to $10,825 of the unused portion of the homestead exemption
  • Tools of the trade or work items — $2,175
  • Life insurance policy with loan value up to $11,525
  • Health aids — completely exempt
  • Social Security, veterans and public assistance benefits — completely exempt
  • Pensions, IRA, 401(k) and other tax deferred accounts — completely exempt

If you are filing Chapter 13 bankruptcy, our firm can help you protect all of your home equity, if you meet certain requirements.

Get A Fresh Start Today

The purpose of the bankruptcy system is not to punish debtors. It was put in place to help financially stressed people deal with their debt problems and get a fresh financial start. Our Little Rock bankruptcy lawyers will work diligently to help you keep as much of your property as possible. Though there may be rough spots in the road ahead, you can build a better future for yourself and your family.

Learn more about the bankruptcy process by going to our frequently asked questions page.

Schedule A Consultation With A Lawyer

For a consultation with a knowledgeable Little Rock property exemptions lawyer at Robertson, Oswalt, Nony & Associates, contact us online or call us at 501-588-4451 or 866-311-3815.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.