Bankruptcy in Yavapai County

Yavapai County is in central Arizona, home to Prescott and Sedona. While part of the greater Phoenix metro for some purposes, it has its own division within the District of Arizona.

Key Information

Federal District

District of Arizona (Prescott Division)

All bankruptcy cases from Yavapai County are filed in this district.

Nearest Courthouse

1 E Butte St, Prescott, AZ 86301 (Note: most hearings may be conducted in Phoenix or by phone)

341 meetings and court hearings are typically held at this location.

Arizona Exemptions in Yavapai County

Arizona state or federal exemptions apply. State homestead: $250,000. Vehicle: $6,000. Personal property: $6,000 household goods. Wildcard: $300. Tools of trade: $5,000. Filers may choose between state and federal exemption schemes.

Exemptions determine what property you can keep in bankruptcy. See the full exemptions guide.

Filing Bankruptcy in Yavapai County

The Process

Credit counseling -- Complete an approved course within 180 days before filing ($15-25).
File your petition -- The petition is filed with the District of Arizona (Prescott Division). The automatic stay takes effect immediately.
341 meeting -- About 30 days after filing, attend a brief meeting of creditors at 1 E Butte St, Prescott, AZ 86301 (Note: most hearings may be conducted in Phoenix or by phone).
Debtor education -- Complete a second financial course before discharge ($10-25).
Discharge -- Chapter 7: approximately 60 days after the 341 meeting. Chapter 13: after completing 3-5 year plan.

Frequently Asked Questions

Which court division handles Yavapai County bankruptcies?

Yavapai County cases are generally assigned to the District of Arizona. While there is a federal building in Prescott, most bankruptcy hearings are conducted at the Phoenix courthouse (230 N 1st Ave) or by telephone/video conference.

Do the same Arizona exemptions apply in Yavapai County?

Yes. Arizona exemptions apply uniformly statewide. You can choose between the state exemption scheme ($250,000 homestead) or the federal exemptions ($27,900 homestead per person). The choice that protects more of your property depends on your individual situation.

How does rural property affect exemptions in Yavapai County?

Arizona's homestead exemption applies to your primary residence regardless of whether it is urban or rural. The $250,000 state exemption covers the equity in your home. If you own significant acreage, the land must be part of your homestead to be protected.