Alaska State Bankruptcy Exemptions
Laws That Keep Your Creditors' Hands Off Your Property
Exemptions are laws passed by every state that allow you to protect certain
types of your property from your creditors when you file bankruptcy-such as
your home, car, pensions and IRAs, motor vehicles, clothing, tools, and other
important property. Alaska law provides a number of exemptions that protect
your property, and your attorney will be able to advise you on which exemptions
are best for you.
Homestead
Up to $67,500 in the equity of your home can be protected.
Wages
Up to $438 of your weekly, net earnings are exempt.
Automobiles
Up to $3,750 for one motor vehicle not exceeding $25,000 in value.
Other Property
Up to $3,750 in the value of household goods, clothing, books and musical
instruments, and family heirlooms.
Note: Exemptions may have changed since our last update. For the latest updates on these property exemptions, speak to a local bankruptcy lawyer.
» Read the complete Alaska bankruptcy
exemptions here
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