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| Attention: All 94-bankruptcy
districts charge the same filing fees. Chapter 7: $306 Chapter 13: $281 |
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ALASKA EXEMPTION LISTHow to use this table of exemptions, by Attorney Thomas A. Prediletto. The following is a summary of the Alaska exemptions that can be claimed (used) to exempt both your real and personal property in a bankruptcy petition. However, if your residence has not been continuously in the state of Alaska for the two years prior to filing a bankruptcy petition, there are laws that apply as to which state or federal exemptions may be used. Exempt property of a debtor is property of the debtor that is not available to be used (sold) to pay his/her unsecured creditors and is not subject to the claims of unsecured creditors, but may be subject to the rights of secured creditors and lien holders. When reviewing the list for exemptions for your own property you should be aware that there may not be a “matching” exemption. Some state exemptions contain a “wildcard” which can be used if a matching exemption cannot be found in the list of exemptions. Also, an individual must own an interest in the property to claim the property as exempt. The debtor may exempt the equity (value of property less the total amount owed against it) however; any equity value in the property above the exemption amount may be subject to the claims of unsecured creditors. By way of example, if you own a home worth $250,000 and owe a total of $200,000 against it (combining all mortgage/home equity lines of credit and/or liens against the property) the amount of equity you would need to protect is $50,000. So long as the homestead exemption is more than $50,000 the full amount of the equity is exempt and not subject to the claims of your unsecured creditors. In the alternative, say the home is worth $250,000 and you only owe $100,000 against it, anything over the exemption amount is subject to the claims of the unsecured creditors. The same type example would apply to a motor vehicle, though the exemption for a motor vehicle is less than the amount of the exemption for a home. Please note that all of the exemptions may be doubled if a married couple is filing, with the exception of the homestead exemption. |
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| Description | LAW |
Max Individual Amount |
Max Joint Amount |
| Advance College Tuition Savings Contracts | AS §09.38.015 | UNLIMITED | |
| Advance College Tuition Savings Contracts | AS §09.38.015 | UNLIMITED | |
| Aid To Dependent Children | AS § 47.25.210, 47.25.550 | UNLIMITED | |
| Alaska Temporary Assistance Program | AS § 47.27.045 | UNLIMITED | |
| Burial Plots, Health Aids, Medical Benefits | AS § 9.38.015(a) | UNLIMITED | |
| Cash & Liquid Assets Of Resident | AS § 9.38.030(b), 8 AAC 95.030(d),(e) | UNLIMITED | |
| Cemetery Lots | AS §10.30.120 | UNLIMITED | |
| Child Support Collections | AS §09.38.015 | UNLIMITED | |
| Child Support Installments Paid By Empl. | AS § 25.24.160 | UNLIMITED | |
| Earnings Of Resident Debtor ($456 (for periodic wage earner) | AS § 9.38.030(a), 8 AAC 95.030(d), (e) | UNLIMITED | |
| Elected Public Officers’ Retirement Benefits | AS §09.38.015 | UNLIMITED | |
| Fraternal Benefits Society Benefits | AS § 21.84.240 | UNLIMITED | |
| Homestead | AS § 9.38.010, 8 AAC 95.030(a) | $70,200.00 | $70,200.00 |
| Household Goods, Clothes, Books, Musical Instrument, Heirlooms | AS § 9.38.020(a), 8 AAC 95.030(b) | $3,900.00 | $7,800.00 |
| Jewelry | AS § 9.38.020(b), 8 AAC 95.030(b) | $1,300.00 | $2,600.00 |
| Judicial Retirement | AS §§ 9.38.015, 22.25.100 | UNLIMITED | |
| Life Insurance - Accrued Dividend & Loan Values | AS § 9.38.025(a), 8 AAC 95.030(c)) | $13,000.00 | $26,000.00 |
| Liquor License | AS §09.38.015 | UNLIMITED | |
| Longevity Bonus | AS § 47.45.120(b); 9.38.015 | UNLIMITED | |
| Materials Furnished By Mechanics | AS § 34.35.105 | UNLIMITED | |
| Military Retirement Benefits | AS §26.05.224 | UNLIMITED | |
| Motor Vehicle | AS § 9.38.020(e), 8 AAC 95.030 | $3,900.00 | $7,800.00 |
| Pets | AS § 9.38.020(d), 8 AAC 95.030(b) | $1,300.00 | $2,600.00 |
| Property - Tenants By Entireties Or Tenants In Common | AS §09.38.100(a) | UNLIMITED | |
| Pub. Emp. Ret. Sys. Contributions | AS § 39.35.500 | UNLIMITED | |
| Public Assistance | AS §§ 9.38.015, 47.25.210, 47.25.550 | UNLIMITED | |
| Public Employees’ Retirement | AS §§ 9.38.015, 47.25.210 | UNLIMITED | |
| Real Property Held By Cemetery Association | AS §09.38.015 | UNLIMITED | |
| Retirement Plans - Assets And Benefits | AS § 9.38.017(a) | UNLIMITED | |
| Senior Care Benefit | AS §§ 47.45.300-47.45.390 | UNLIMITED | |
| Specific Partnership Property | AS § 9.38.100(b) | UNLIMITED | |
| State Disability, Unemployment, Retirement, etc. Benefit | AS § 9.38.015(b), 14.25.200, 23.20.405,22.25.100, 47.25.210 | UNLIMITED | |
| Supplemental Annuity Plan | AS § 39.30.162 | UNLIMITED | |
| Teachers’ Retirement | AS §§ 9.38.015, 14.25.200 | UNLIMITED | |
| Tenancies By The Entireties | AS § 34.15.140 | UNLIMITED | |
| Tools Of Trade - Books, Implements | AS § 9.38.020(c) | $3,640.00 | $7,280.00 |
| Tuition Credit Or Savings Accounts | AS §09.38.015 | UNLIMITED | |
| Twenty Percent Of “Permanent Fund” Dividends | AS §09.38.015 | UNLIMITED | |
| Unemployment Compensation | AS §§ 9.38.015, 23.20.450, 23.20.165 | UNLIMITED | |
| Violent Crimes Compensation Award | AS §09.38.015 | UNLIMITED | |
| Worker’s Compensation Benefits | AS § 23.30.160, 23.20.405 | UNLIMITED |
