(a) An individual debtor who is in possession of money that was obtained as payment for an injury or disability may request the court to order an increase in the exemption amounts under AS 09.38.030. The individual debtor shall submit affidavits or offer testimony in support of the request as required by the court. The court shall determine the exemption amount after consideration of the individual's responsibilities and all the present and anticipated property and income of the individual, including that which is exempt.
(b) The exemption amounts under AS 09.38.030 may be increased when the individual submits an affidavit, under penalty of perjury, stating that the individual's earnings alone support the individual's household; by so doing, the maximum part of the individual's aggregate disposable earnings for any week subject to execution may not exceed the amount by which the individual's disposable earnings for that week exceed $550, or, if the individual is claiming an exemption for cash or other liquid assets under AS 09.38.030(b), a maximum amount of $2,200 available in a month is exempt.
Structure Alaska Statutes
Title 9. Code of Civil Procedure
Chapter 38. Alaska Exemptions Act
Sec. 09.38.010. Homestead exemption.
Sec. 09.38.015. Property exempt without limitation.
Sec. 09.38.017. Exemption of retirement plan interests and payments.
Sec. 09.38.020. Exemptions of personal property subject to value limitations.
Sec. 09.38.025. Exemption of unmatured life insurance and annuity contracts.
Sec. 09.38.030. Exemption of earnings and liquid assets.
Sec. 09.38.035. Continuing lien on wages.
Sec. 09.38.040. Priorities between continuing liens.
Sec. 09.38.045. Effective date of continuing lien.
Sec. 09.38.050. Increased exemption amount.
Sec. 09.38.055. Bankruptcy proceedings.
Sec. 09.38.060. Tracing exempt property.
Sec. 09.38.065. Claims enforceable against exempt property.
Sec. 09.38.070. Limitation on enforcement of certain security interests in exempt goods.
Sec. 09.38.075. Special procedures relating to limited value exemptions; burden of proof.
Sec. 09.38.080. Procedures applicable to a levy on property of an individual.
Sec. 09.38.085. Contents of notice; forms.
Sec. 09.38.090. Assertion of rights by another.
Sec. 09.38.095. Judicial relief.
Sec. 09.38.100. Debtor's property owned with another.
Sec. 09.38.105. Waiver of exemption.
Sec. 09.38.110. Federal requirements.
Sec. 09.38.115. Adjustment of dollar amounts.
Sec. 09.38.120. Protection of property of residents and nonresidents.