Keith Knochel
Law Offices of Keith S Knochel
Bullhead City, Arizona • Serving Mohave County
About Keith Knochel
Keith Knochel is a bankruptcy attorney at Law Offices of Keith S Knochel based in Bullhead City, Arizona. Bankruptcy practice in Arizona involves federal law (Title 11 of the U.S. Code) administered by the U.S. Bankruptcy Court for the District of Arizona, with state-law overlays including Arizona's homestead exemption under ARS § 33-1101 and the various property exemptions in ARS Title 33, Chapter 8. See contact details below.
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Education
- Law School: Northwestern
Common questions about Bankruptcy in Arizona
Answered by Arizona Attorney Search Network
Can I keep my car in bankruptcy?
In most cases, yes. Arizona's motor vehicle exemption under ARS § 33-1125 protects up to $15,000 of equity in one vehicle ($25,000 if the debtor is a person with disabilities). If the car loan is current and equity is within the cap, debtors typically keep the car by reaffirming the debt or, in Chapter 13, paying through the plan.
Will I lose my house if I file for bankruptcy in Arizona?
Probably not. Arizona's homestead exemption under ARS § 33-1101 protects up to $400,000 of equity in a primary residence (increased from $250,000 in 2022 by Proposition 209). If your equity is below the cap and you stay current on the mortgage, you generally keep the home in Chapter 7. Chapter 13 can also be used to cure mortgage arrears over the plan period.
What's the difference between Chapter 7 and Chapter 13 bankruptcy?
Chapter 7 (Title 11 USC, Chapter 7) is liquidation: a trustee may sell non-exempt assets and distribute proceeds to creditors, while most unsecured debts are discharged in 3-6 months. Chapter 13 is reorganization: the debtor proposes a 3-5 year plan to repay creditors a portion of debts based on disposable income, retaining property the plan addresses. Chapter 7 has stricter eligibility through the means test.
Q&As answered by Keith Knochel
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Office Location
Law Offices of Keith S Knochel
1967 Highway 95
Bullhead City, AZ 86442
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