Updated: 2021-03-09 by
US Bankruptcy Code § 522 Miscellaneous Exemptions-
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.
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.
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