Alaska Personal Property Exemptions — State System
Personal Property Exemptions Under Alaska Law
CAR:
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)
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.