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.

In Alaska, only state exemptions are allowed.


Common Alaska Bankruptcy Exemptions

Homestead $67,500 homestead exemption
 
Automobile One motor vehicle to the extent of a value not exceeding $3,750 if the full value of the motor vehicle does not exceed $25,000.
 
Household
Goods
Personal property not to exceed an aggregate value of $3,750
 
Books & Art Objects See "Household Goods"
 
Wearing
Apparel
See "Household Goods"
 
Furs & Jewelry Jewelry not exceeding $1,250 in aggregate value
 
Tools of the Trade Implements, professional books, and tools of the trade not exceeding $3,500 in aggregate value

Click here for to view common bankruptcy exemptions pursuant to Title 9 of the Alaska Code of Civil Procedure.

For more information regarding bankruptcy law in Alaska, including advice regarding which exemptions will protect your property, contact an Alaska bankruptcy lawyer.

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