Alaska Bankruptcy Exemptions

Alaska Exemption Notes

OPT OUT STATUS:

Can I use the §522(d) Federal Bankruptcy Exemptions in Alaska?

Yes. Alaska allows residents to use the federal exemptions pursuant to Code § 522(b). If the debtor choses to use the Alaska exemptions, AS § 09.38.055 limits the exemptions available to a debtor filing bankruptcy and residing in Alaska to those within the following statutes: AS §§ 09.38.010, 09.38.015, 09.38.017, 09.38.020, 09.38.025 and 09.38.030.

KEY EXEMPTIONS:

Homestead

Principal residence up to $72,900* -- joint owners may each claim a portion, but total can't exceed $72,900
Homestead amount adjusted for inflation every two years. Current as of 10/1/2020. Source: Alaska BK Court.

Motor Vehicle

Up to $4,050 worth of one vehicle, as long as the total value of the vehicle does not exceed $27,000.

Wildcard

none

Personal Property

Up to $4,050 worth of total personal property, including: clothing and household goods, books and musical instruments.
Up to $1,350 worth of jewelry.
Up to $3,780 worth of professional books, tools and implements.
Up to $1,350 of pets.
100 percent of health aids, burial plots and certain benefits.

See Also:
Insurance, Pensions, Public Benefits, Tools of Trade, Wages & Miscellaneous
ADVERTISEMENT -
ADVERTISEMENT -