Bankruptcy by State
Bankruptcy in Alaska
How Alaska's bankruptcy exemptions, Chapter 7 income limits, and filing volume compare to the rest of the country.
Homestead exemption
$72,900
#22 of 51
Vehicle exemption
$4,050
#15 of 51
Median income (1 person)
$85,817
Chapter 7 means-test threshold
Annual filings
244
Year 2025
Alaska vs. national medians
National medians are calculated across all 51 states plus the District of Columbia. Ranks run from #1 (highest) to #51 (lowest). Where a state publishes a range or a conditional amount, the exemption is shown in full and ranked by its guaranteed minimum.
| Metric | Alaska | National median | Rank |
|---|---|---|---|
| Homestead exemption | $72,900 | $90,000 | #22 of 51 |
| Motor vehicle exemption | $4,050 | $7,250 | #15 of 51 |
| Median income (1-person household) | $85,817 | $71,745 | #8 of 51 |
| Median income (4-person household) | $142,136 | $126,058 | #12 of 51 |
| Annual bankruptcy filings | 244 | 8,707 | #51 of 51 |