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 Alaska TotalBankruptcy.com 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
A total of $3,750 in the value of household goods, clothing, books and musical instruments, and family heirlooms.
» Read the complete Alaska bankruptcy exemptions here.
» Back to Bankruptcy Laws In Your State.
Click Here For a Free Bankruptcy Evaluation
Please understand that this information is provided for illustration purposes only and is not legal advice. If you would like more information about exemptions, please call our 24-hour toll free hotline at 1 (877) 349-1309 or use our free online evaluation form to get started with your bankruptcy case today!
Note: Laws may have changed since our last update. For the latest information on your state’s bankruptcy laws, speak to a local bankruptcy lawyer.