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Alaska WildCard Exemption

Alaska WildCard Exemption

Almost 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.
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Alaska Wage Garnishment
 
Alaska Homestead Exemption

Updated: 2021-03-09 by

State Law Wildcard Exemption

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Federal Bankruptcy Wildcard Exemptions

The Federal Bankruptcy Exemptions 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.

Does Alaska allow debtor the option of using the Federal Bankruptcy exemptions instead of state law 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.

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Alaska Wage Garnishment
 
Alaska Homestead Exemption

You may also be interested in:

  • Alaska Wage Garnishment

    Wages are protected by federal non bankruptcy law, and by state wage garnishment laws, which are generally more generous than the Federal wage garnishment protection. There are typically exceptions to this exemption for things like child support, and other priority debts.

  • Alaska Homestead Exemption

    How much of your home equity is protected if you file for bankruptcy in Alaska?

  • Does Alaska Adjust Exemptions for Inflation?

    The Federal Government adjusts Federal exemption amounts every three years. Does Alaska adjust exemption amounts?

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Alaska: Law

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