Alaska Bankruptcy Exemptions


What Exemptions are allowed when filing bankruptcy in Alaska?


Below is a list of some of the available Alaska bankruptcy exemptions and disclosures. This list only identifies a small fraction of the exemptions available in Alaska and there are many exemptions (such as retirement accounts, life insurance, and trade tools) that are not listed and may be beneficial to you. Talk to a qualified Alaska bankruptcy attorney in your area to have all the available exemptions explained to you. Only an Alaska bankruptcy attorney can properly list and explain all of the applicable exemptions offered in Alaska.

 

Alaska Bankruptcy Exemptions

Homestead
$67,500
Household goods and wearing apparel
$3,750
Jewelry
$1,250
Professional books and tools of trade
$3,750
Pets
$1,250
Motor vehicle
$3,750

 

Alaska Bankruptcy Disclosures

A lawyer shall not make a false or misleading communication about the lawyer or the lawyer's services or any prospective client's need for legal services. A communication is false or misleading if it:
(a) contains a material misrepresentation of fact or law, or omits a fact necessary to make the statement considered as a whole not materially misleading;
(b) is likely to create an unjustified expectation about results the lawyer can achieve, or states or implies that the lawyer can achieve results by means that violate the Rules of Professional Conduct or other law; or
(c) compares the lawyer's services with other lawyer's services, unless the comparison can be factually substantiated.


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