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 | $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 |
For more information regarding bankruptcy law, including advice regarding which exemptions will protect your property, contact a lawyer.
