Bankruptcy    Information
Thank You For Visiting Free Bankruptcy Information

Alaska Bankruptcy Exemptions

Federal Supplemental Exemptions can be used in conjunction with your Alaska exemptions and can be viewed here.

In Alaska, you may choose to use the Federal Exemption set instead of your state exemptions.

You may also want to visit your local federal bankruptcy court web site:

Also see Alaska bankruptcy forms.

 

ASSET

EXEMPTION DESCRIPTION

HOMESTEAD

$54,000 in principal residence, whether single or multiple owners, but subject
to certain liens; proceeds also exempt located in Alaska for 6 months.

INSURANCE 

Disability benefits
Fraternal benefit society benefits
Insurance proceeds for personal injury, to extent wages exempt (bankruptcy judge may authorize a greater amount
Insurance proceeds for wrongful death, to extent wages are exempt.
Life insurance annuity or contract loan value to $10,000
Life insurance proceeds if beneficiary is insured's spouse or dependent, to extent wages exempt
Medical, surgical or hospital benefits

MISC.

Property of business partnership
Alimony, to the extent wages are exempt
Child support payments made by a collection agency
Liquor licenses
Permits for limited entry into Alaska Fisheries

PENSIONS

Judicial employees (only benefits building up)
Teachers (only benefits building up)
ERISA qualified benefits deposited more than 120 days before filing bankruptcy
Public employees (only benefits building up)
Other pensions to extent wages exempt (only payments being received)

PERSONAL PROPERTY

Books, musical instruments, clothing, family portraits, household goods & heirlooms to $3,000 total
Building materials
Burial Plot
Health Aids needed
Jewelry to $1000
Motor vehicle to $3,000; vehicle's market value can't exceed $20,000
Personal injury recoveries, to extent wages exempt
Pets to $1,000
Proceeds for lost, damaged or destroyed exempt property
Wrongful death recoveries to extent wages exempt

PUBLIC BENEFITS

Adult assistance to the elderly, blind, disabled
AFDC
Alaska longevity bonus
Crime victims' compensation
Federally exempt public benefits paid or due
General relief assistance
45% of permanent fund dividends
Tuition credits under an advance college tuition payment contract
Unemployment compensation
Worker's Compensation

TOOLS OF TRADE

Implements, books & tools of trade to $2,800

WAGES

Weekly net earnings to $350; for sole wage earner in a household, $550; if you don't receive weekly, monthly or semi-monthly pay, can claim $1400 in cash or liquid assets paid in any month; for sole wage earner in household, $2,200

WILDCARD

NONE