Alaska Bankruptcy Overview
Alaska offers bankruptcy protections including a $72,900 homestead exemption. Alaska does not allow you to choose federal exemptions—you must use Alaska state exemptions.
2026 Alaska Median Income
| Household Size | Annual Median Income |
|---|---|
| 1 Person | $76,428 |
| 2 People | $95,847 |
| 3 People | $115,214 |
| 4 People | $139,825 |
Alaska Exemptions
Homestead Exemption: $72,900
Alaska protects up to $72,900 of equity in your primary residence.
Vehicle Exemption: $3,750
Alaska allows you to protect up to $3,750 of equity in one motor vehicle.
Personal Property
- Household Goods: Up to $3,000 for household goods
- Jewelry: Up to $1,000
- Tools of Trade: Up to $2,800
- Retirement: Unlimited for qualified plans
Alaska Bankruptcy Court
Anchorage: 605 West Fourth Avenue, Anchorage, AK 99501
Cost of Filing
Court filing fees: $338 (Chapter 7), $313 (Chapter 13). Attorney fees in Alaska: $1,500-$2,500 for Chapter 7.
Disclaimer: Consult with a licensed Alaska bankruptcy attorney for advice specific to your situation.