Alaska Bankruptcy Exemptions
Homestead
09.38.010 - Up to $67,500.
Personal Property
09.38.010 - Apartment or condo owners' association deposits.
9.38.015 - Burial plot; needed health aids; and tuition credits under
advance college payment contract.
9.38.020 - Motor vehicle up to $3,750, if market value is no more than
$250,000; pets up to $1,250; jewelry up to $1,250; and household goods,
clothing, books, musical instruments, and family portraits and heirlooms up
to $3,750.
9.38.030 Personal injury and wrongful death recoveries, to the extent wages
are exempt.
9.38.060 - Proceeds from damaged exempt property.
34.35.105 - Building materials.
Wages
9.38.030 & 9.38.050 - Weekly net earnings up to $438, or up to $688 if sole
wage earner in a household: If no regular pay, up to $1,750 paid in any
month, or $2,750 if sole wage earner in household.
Pensions
11 U.S.C. § 522 - Tax exempt retirement accounts.
11 U.S.C. § 522 & 09.38.017 - Roth & Traditional IRAs up to $1,095,000 per
person, medical savings accounts.
9.38.015 - Teachers, judicial & public employees, and elected officers, as
to benefits accruing.
9.38.017 - ERISA-qualified benefits, if deposited more than 120 days before
filing.
9.38.030 - Payments being received from other pensions.
Public Benefits
9.38.015 - Alaska longevity bonus, crime victims' compensation and federally
exempt public benefits. Prescription drug benefits for senior care.
23.20.405 Unemployment compensation.
23.30.160 - Workers' compensation.
43.23.065 - 20% of Permanent Fund dividends (this is income distributed to
residents from the state's natural resources).
47.25.210 - General relief assistance.
47.25.395 - AFDC.
47.25.550 - Assistance to blind, elderly and disabled adults:
Tools of Trade
9.38.020 - Implements, books or tools up to $3,500.
Alimony and Child Support
9.38.015 - Child support if received from a collection agency.
9.38.030 - Alimony, to extent wages are exempt.
Insurance
9.38.015 & 9.38.030 - Medical and disability benefits.
9.38.025 - Life insurance or annuity contracts up to a $12,500.
21.84.240 - Fraternal benefit society benefits.
Misc.
9.38.015 - Liquor licenses.
9.38.100 - Business partnership property.