Alaska Motor Vehicle Exemption & Other Personal Property Exemptions

    
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Alaska Motor Vehicle Exemption & Other Personal Property Exemptions
               
              How much equity in your car or truck can you protect if you file for bankruptcy in Alaska?             

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Alaska Personal Property Exemptions — State SystemPersonal Property Exemptions Under Alaska LawCAR: 
Up to $4,050 worth of one vehicle, as long as the total value of the vehicle does not exceed $27,000.
Federal Non-Bankruptcy Personal Property Exemptions
(available only if using State System)
Personal Property Exemptions — Federal System § 522(d)Can Alaska debtors use the Federal Bankruptcy exemptions instead of Alaska exemptions?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.

The Federal Bankruptcy Exemptions under 11 U.S.C. § 522(d) are available to you if
you haven't lived in any state longer than 180 days for a while, 
or
if your state allows the Federal exemptions as a choice.
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by
		Albin Renauer
	
Albin Renauer has spent his career making consumer law information free and accessible to everyone. In the 1990s Albin worked with Nolo Press to invent WillMaker and LivingTrustMaker and ran Nolo website back in the DotCom era of Y2K.  In 2006, Albin launched LegalConsumer.com and the free Bankruptcy Means Test Calculator. Millions of consumers have used these FREE tools and information to learn about their rights under bankruptcy law.  For more than 30 years, Albin co-authored 22 editions of Nolo's bestselling guide How to File for Chapter 7 Bankruptcy from 1989 to 2023. Albin is currently exploring ways that AI can increase consumers' access to justice.

          Anchorage, AK Bankruptcy Home 
        
Jurisdictional relevance: STThere are versions of this article for each State.

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        RELATED ARTICLES:
      
Alaska Homestead ExemptionHow much of your home equity is protected if you file for bankruptcy in Alaska?
Alaska Tools of Trade ExemptionsMost states allow an exemption for "tools of trade or profession"... this can include tools, books, even vehicles. Sometimes can be an alternative to the motor vehicle exemption. 
Alaska WildCard ExemptionAlmost every state has an exemption for "any property" which is sometimes called the "wildcard" or "grubsteak" exemption. Generally this exemption is useful because it can be combined with other exemptions to fully protect equity that might otherwise go unprotected.

Anchorage, AK Bankruptcy ResourcesAnchorage Borough Bankruptcy Means Test CalculatorAutomatically apply the Anchorage Borough expense standards, and Alaska income standards to your means test calculation.
Anchorage Borough Bankruptcy CourtFind where to file if you live in Anchorage Borough.
Alaska Bankruptcy Exemption LawsWhat property you can keep under Alaska and federal exemption laws.

  From Other Websites:

Alaska Motor Vehicle Exemption & Other Personal Property Exemptions

Alaska Personal Property Exemptions — State System

Personal Property Exemptions Under Alaska Law

Federal Non-Bankruptcy Personal Property Exemptions(available only if using State System)

Personal Property Exemptions — Federal System § 522(d)

Jurisdictional relevance: ST

Federal Non-Bankruptcy Personal Property Exemptions
(available only if using State System)