The answer is: definitely! Any exempt property may be kept as well as anything obtained after the bankruptcy filing. Exception: if an inheritance, settlement, or life insurance benefit is received within 180 of filing a Chapter 7 bankruptcy petition, that will likely be used to repay creditors/debt, if it is not exempt. Chapter Bankruptcy Lawyers know the Arizona bankruptcy law — and the exemptions. Contact our attorney to discuss what you can keep if you choose bankruptcy as the best means of your debt relief.