Alaska Bankruptcy Lawyers
Each year, bankruptcy helps Alaskans clear their debts
Don't get left in the cold because of out of control debt. Even if you feel helpless to act, there are tried and tested ways to safely and securely eliminate debt.
In Alaska, residents may file Chapter 7 or Chapter 13 to clear their debt through personal bankruptcy. In the past, both have helped residents clear their debts and get a fresh financial start.
Could filing personal bankruptcy help you? Learn more during a free case evaluation with a local Alaska bankruptcy lawyer. Complete the free form on this page or call, toll free, 877-833-2410, and we'll connect you right away.
Alaska Bankruptcy Laws
Both Chapter 7 and Chapter 13 bankruptcy are available in Alaska. Both allow use of the automatic stay, which may put an instant stop to:
- Wage garnishment
- Phone calls and letters from creditors
Both chapters also allow you to include several types of debt in your filing.
Chapter 13 bankruptcy allows you to include most types of debt, including that related to your home mortgage or car loan. It also provides the strongest protections to secure your home, car and other possessions. You will need some regular income to file this chapter.
Chapter 7 bankruptcy is typically the quickest form of bankruptcy, and may have you debt-free in only a few months. It allows you to include unsecured debts, like credit card and medical bills.
Because Chapter 7 works so quickly and may eliminate so much debt it comes with some restrictions. First, to file you'll need to meet certain requirements, which may include qualifying for the means test, which your lawyer can discuss with you.
Second, you'll want to look at the Alaska Chapter 7 exemptions to ensure your property will be fully protected. While property sales are rare in a Chapter 7 case, you can talk to your lawyer about if you are covered where it counts.
Chapter 7 exemptions in Alaska include:
- Principal residence worth up to $54,000
- Up to $350 in weekly wages
- Up to $3,000 for a car with a maximum value of $20,000
- Up to $3,000 worth of total personal property, including: clothing and household goods, books and musical instruments, family portraits and heirlooms
- Up to $1,000 worth of jewelry
- Up to $2,800 in professional books and tools of trade
- Up to $1,000 for pets
- 100 percent of personal health aids, burial plots and certain benefits
Will you be fully covered by the exemptions? Which type of bankruptcy is best for you? These are questions that a bankruptcy lawyer may help you answer by providing you with information about the laws and how they apply to you.
Connect with an Alaska Bankruptcy Attorney
Don't be left in the dark with your debt. Let a local attorney shed light on bankruptcy and how it may allow you to clear your debts.
Get your questions answered during a free case evaluation with a bankruptcy lawyer near you in Alaska. Learn how bankruptcy laws may apply to you and help you clear your debt.
There are options to get out of debt. Connect with an Alaska personal bankruptcy attorney today. Start today by completing this form or calling, toll free, 877-833-2410.
Laws may have changed since our last update. For the latest information on your state's bankruptcy laws, speak to a local bankruptcy lawyer.