Alaska Bankruptcy Law
This page on Alaska bankruptcy law focuses specifically on exemptions.
Exemptions are determined by state law, and therefore they vary (sometimes considerably) from state to state.
There are also federal exemptions pursuant to the U.S. Bankruptcy Code. Some states give debtors an option to choose between either state or federal exemptions. However, in Alaska, only state exemptions are allowed.
Common Alaska Bankruptcy Exemptions
| Homestead | $70,200 homestead exemption |
| Automobile | One motor vehicle to the extent of a value not exceeding $3,900 if the full value of the motor vehicle does not exceed $26,000. |
| Household Goods |
Personal property not to exceed an aggregate value of $3,900 |
| Books and Art Objects | See "Household Goods" |
| Wearing Apparel |
See "Household Goods" |
| Furs and Jewelry | Jewelry not exceeding $1,300 in aggregate value |
| Tools of the Trade | Implements, professional books, and tools of the trade not exceeding $3,640 in aggregate value |
For more information regarding bankruptcy law, including advice regarding which exemptions will protect your property, contact an Alaska bankruptcy lawyer.
