Homestead: Principal residence up to $67,500, whether single or multiple owners. Proceeds also exempt if located in Alaska for six months.
Pensions and Retirement Benefits: ERISA-qualified retirement plans are exempt to the extent contributions made more than 120 days prior to bankruptcy. Funds building up exempt for all teachers', judicial employees' and public employees' retirement plans; other retirement benefits exempt to extent wages are exempt (only payments being received). Roth IRAs and regular IRAs up to $1,095,000 per person. IRA exemptions for conventional, Roth, SEP and SIMPLE plans, subject to 120 day rule, above.
Insurance: Insurance proceeds for wrongful death, to extent wages are exempt. Life insurance annuity or contract loan value to $12,500. Life insurance proceeds if beneficiary is insured's spouse or dependent, to extent wages exempt. Disability benefits. Fraternal society benefits. Insurance proceeds for personal injury, to extent wages exempt (bankruptcy judge may authorize a greater amount). Medical, surgical or hospital benefits.
Personal Property: Books, musical instruments, clothing, family portraits, household goods and heirlooms up to $3,750. Building materials. Burial plot. Health aids needed. Jewelry up to $1,250. Motor vehicle up to $3,750; vehicle's market value can't exceed $25,000. Personal injury recoveries, to extent wages exempt. Pets up to $1,250. Proceeds for lost, damaged or destroyed exempt property. Wrongful death recoveries to extent wages exempt.
Tools of Trade: Implements/professional books/tools up to $3,500.
Miscellaneous: Business partnership property. Alimony, to the extent wages are exempt. Child support payments made by a collection agency. Permits for limited entry into Alaska Fisheries. Certain liquor licenses and limited entry permits are exempt.
Wages: $438 of weekly net earnings or $688 per week for debtor who is sole support for household. $1,750/mo. in "liquid assets" for debtors not paid weekly/semiweekly or monthly or $2,750/mo. for debtor who is sole support of household. Court can increase exemption for disability or personal injury payments.
Public Benefits: Unemployment compensation. Workers' Compensation. Adult assistance to the elderly, blind, disabled. AFDC. Alaska longevity bonus. Crime victim's compensation. Federally exempt public benefits paid or due. General relief assistance. 45% of permanent fund dividends. Tuition credits under an advance college tuition payment contract.
Wild Card: None.