Alaska Bankruptcy Exemptions

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

One motor vehicle not exceeding $27,000 in value

$4,050

Alaska Stat. § 9.38.020(e)

Household goods, wearing apparel, personal books and musical instruments, and family portraits and heirlooms

$4,050 aggregate value

Alaska Stat. § 9.38.020(a)

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)

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)

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)

Personal injury/wrongful death recoveries

100%

Alaska Stat. § 9.38.030(e)(3)

Benefits paid by reason of disability, illness, or unemployment

100%

Alaska Stat. § 09.38.030(e)(1)

Fraternal Benefit Society benefits

100%

Alaska Stat. §21.84.240

Unmatured life insurance and annuity contracts, including accrued dividends and loan value

$500,000

Alaska Stat. § 9.38.025(a)

Life insurance proceeds payable to spouse or dependent

100%

Alaska Stat. § 9.38.030(e)(4)

80 acres of land owned by a cemetery association

100%

Alaska Stat. § 10.30.060, 09.38.015(d)

Professional books, implements, tools of trade

$2800 (as against awards against crime victim)

Alaska Stat. § 09.38.065(a)(3)(B)

Household goods, clothes, books, musical instruments, family heirlooms

$3000 (as against awards against crime victim)

Alaska Stat. § 09.38.065(a)(3)(A)

Materials furnished by mechanics for construction of buildings

100%

Alaska Stat. §34.35.105

Partner's interest in specific partnership property

100%

Alaska Stat. § 9.38.100(b)

Pets

$1,350

Alaska Stat. § 9.38.020(d)

Proceeds from lost, damaged, destroyed exempt property for 12 months or 6 months if homestead

100%

Alaska Stat. § 9.38.060

Personal jewelry of debtor and dependents

$1,350

Alaska Stat. § 9.38.020(b)

Lots sold by cemetery associations for interment

100%

Alaska Stat. § 10.30.120

Payments being received from other pensions

100%

Alaska Stat. § 9.38.030(e)(5)

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)

Implements, professional books and tools of trade

$3,780

Alaska Stat. § 9.38.020(c)

Workmen's compensation benefits

As provided in § 9.38 above

Alaska Stat. § 23.30.160(b)

Aid to dependent children and public assistance payments

As provided in § 9.38 above

Alaska Stat. § 47.25.210 Alaska Stat. § 47.25.550

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

Benefits from Alaska Longevity Bonus

100%

Alaska Stat. § 47.45.120

Relief assistance granted under Alaska Stat. § 47.25.120-47.25.300

100%

Alaska Stat. § 47.25.210

Increased exemption amounts for personal injury or disability payments

available at the court’s discretion

Alaska Stat. § 9.38.050 (a)

Commercial fishing privileges

100%

Alaska Stat. § 16.43.945

Alimony

100%

Alaska Stat. § 9.38.030(e)(2)

Tenancies by the entireties

100%

Alaska Stat. § 34.15.140 & 11 USC § 522(b)(3)(B)

Child support installments paid directly by debtor's employer

100%

Alaska Stat. § 9.55.210 (2)

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)