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Exemption Court
Alaska Bankruptcy Exemption
Homestead:
The principal dwelling house of the inhabitant of Alaska up to the maximum quantum of $54,000 which may be filed pro rata by joint or multiple owners.

Private Assets:
Personal belongings like apparels, handy goods, musical instruments, family portraits heirlooms can jointly be under exempt up to the extent of $ 3,000.

Personal Jewelry:
Personal jewelry of debtor and the dependants can be under exempted property up to $ 1,000.

Professional books & kits:
Professional books, equipments and trading tools can be exempted up to $ 2,800.

Pets:
Pets are allowed up to the exempt of $ 1,000.

Periodic take-home pay or benefits:
The periodic payments and benefits of debtor up to $350 per week or any benefit monetarily equivalent to it.

Motor Vehicle:
One motor vehicle will get exempt up to the limit of $3,000.

Insurance:
Unmatured life insurance and annuity contracts, including dividends and loan amount of 100% but up to the limit of $10,000 on dividend and loan amount. Personal injury or wrongful casualty up to wage discharge quantity.

Total or Absolute Exemptions for:
  • IRC Qualified Benefits under Retirement Plans Filed within 120 days of Bankruptcy.
  • Partnership Property Interests
  • Prolonged Existence Benefits.
  • Crime Victim Reimbursement Grants.
  • Liquor Licenses.
  • Tuition Credits.
  • Fraternal and Society Benefits.
  • Permanent Fund Dividends.
  • Mechanical Devices for Construction of Houses.
  • Child Support Installments.
  • Alimony up to the Wage Exemption Amount.

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