Alaska Bankruptcy Exemptions

On this page you can find all of the exemptions for Alaska. Exemptions are the property that you can keep when you file bankruptcy.

CATEGORY
PROPERTY
AMOUNT
STATUTE
Homestead
Property used as principal residence of debtor or dependents
$72,900 (exemption may be claimed pro rata by joint or multiple owners)
Alaska Stat. §9.38.010
Motor Vehicle
One motor vehicle not exceeding $27,000 in value
$4,050
Alaska Stat. § 9.38.020(e)
Wild Card
Household goods, wearing apparel, personal books and musical instruments, and family portraits and heirlooms
$4,050 aggregate value
Alaska Stat. § 9.38.020(a)
Wages / Wage Garnishment
Increased exemption amounts where individual's earnings alone support the household
$743/week if claiming liquid asset under Alaska Stat. §9.38.030(b)
Alaska Stat. § 9.38.050(b); 8AAC 95.030(e)(1); 8AAC 95.030(e)(2)
Wages / Wage Garnishment
Cash and liquid assets of debtor without periodic earnings
$1,890 per month ($2,970 if debtor is sole support of household) (does not include permanent fund dividends)
Alaska Stat. § 9.38.030 (b) Alaska Stat. §9.38.050 (b)
Wages / Wage Garnishment
Periodic earnings or benefits of debtor
$473 per week or equivalent ($716 if debtor is sole support of household)
Alaska Stat. § 9.38.030(a), (e) & §9.38.050(b)
Insurance
Life insurance proceeds payable to spouse or dependent
100%
Alaska Stat. § 9.38.030(e)(4)
Insurance
Personal injury/wrongful death recoveries
100%
Alaska Stat. § 9.38.030(e)(3)
Insurance
Benefits paid by reason of disability, illness, or unemployment
100%
Alaska Stat. § 09.38.030(e)(1)
Insurance
Fraternal Benefit Society benefits
100%
Alaska Stat. §21.84.240
Insurance
Unmatured life insurance and annuity contracts, including accrued dividends and loan value
$500,000
Alaska Stat. § 9.38.025(a)
Personal Property
Partner's interest in specific partnership property
100%
Alaska Stat. § 9.38.100(b)
Personal Property
Pets
$1,350
Alaska Stat. § 9.38.020(d)
Personal Property
Proceeds from lost, damaged, destroyed exempt property for 12 months or 6 months if homestead
100%
Alaska Stat. § 9.38.060
Personal Property
Personal jewelry of debtor and dependents
$1,350
Alaska Stat. § 9.38.020(b)
Personal Property
Lots sold by cemetery associations for interment
100%
Alaska Stat. § 10.30.120
Personal Property
80 acres of land owned by a cemetery association
100%
Alaska Stat. § 10.30.060, 09.38.015(d)
Personal Property
Professional books, implements, tools of trade
$2800 (as against awards against crime victim)
Alaska Stat. § 09.38.065(a)(3)(B)
Personal Property
Household goods, clothes, books, musical instruments, family heirlooms
$3000 (as against awards against crime victim)
Alaska Stat. § 09.38.065(a)(3)(A)
Personal Property
Materials furnished by mechanics for construction of buildings
100%
Alaska Stat. §34.35.105
Pensions / Retirement Accounts
Payments being received from other pensions
100%
Alaska Stat. § 9.38.030(e)(5)
Pensions / Retirement Accounts
Assets and benefits of retirement plans that are qualified under I.R.C., except contributions made within 120 days of bankruptcy.
100%
Alaska Stat. § 9.38.017(a)
Tools of the Trade
Implements, professional books and tools of trade
$3,780
Alaska Stat. § 9.38.020(c)
Public Benefits
Benefits from Alaska Longevity Bonus
100%
Alaska Stat. § 47.45.120
Public Benefits
Relief assistance granted under Alaska Stat. § 47.25.120-47.25.300
100%
Alaska Stat. § 47.25.210
Public Benefits
Workmen's compensation benefits
As provided in § 9.38 above
Alaska Stat. § 23.30.160(b)
Public Benefits
Aid to dependent children and public assistance payments
As provided in § 9.38 above
Alaska Stat. § 47.25.210 Alaska Stat. § 47.25.550
Public Benefits
State disability, unemployment or illness benefits; teachers'; judges'; and public employees' retirement benefits; elected public officials retirement benefits; and state child support collections
100%
Alaska Stat. §9.38.015(b) Alaska Stat. § 14.25.200 Alaska Stat. § 23.20.405 Alaska Stat. §22.25.100
Miscellaneous
Child support installments paid directly by debtor's employer
100%
Alaska Stat. § 9.55.210 (2)
Miscellaneous
Burial plots, health aids, medical benefits, crime victim's reparation awards, longevity bonuses, benefits exempt under federal law, liquor licenses, tuition credits or savings account authorized under Alaska Stat. § 14.40.809(a), permanent fund dividends allowed under Alaska Stat. § 43.23.065, and senior care benefits payable under Alaska Stat. § 47.45.301-309 [Until June 30,2015].
100%
Alaska Stat. § 9.38.015(a)
Miscellaneous
Increased exemption amounts for personal injury or disability payments
available at the court’s discretion
Alaska Stat. § 9.38.050 (a)
Miscellaneous
Commercial fishing privileges
100%
Alaska Stat. § 16.43.945
Miscellaneous
Alimony
100%
Alaska Stat. § 9.38.030(e)(2)
Miscellaneous
Tenancies by the entireties
100%
Alaska Stat. § 34.15.140 & 11 USC § 522(b)(3)(B)

If you want to learn more about filing bankruptcy in Alaska please visit our FAQ Page or for more information about Alaska you can visit the Alaska section.