Alaska Debt Collection Laws and Statutes

Below you will find important information on Alaska state debt recovery laws including: Alaska Statutes, Judgments, Garnishments, Interest Rates, and Bad Check Laws.

STATE: ALASKA

Interest Rate

  • Legal: 9.25% (for 2007) Re-set every Jan 2
  • Judgment: 9.25% (for 2007) or contractual

STATUTE OF LIMITATIONS (IN YEARS)

  • Open Account: 4
  • Written Contract: 6
  • Domestic Judgment: 10
  • Foreign Judgment: 10

BAD CHECK LAWS (CIVIL PENALTY)

Damages in amount equal to $100 or triple the amount of the check, whichever is greater, but no more than $1000 over the amount of the check.

GENERAL GARNISHMENT EXEMPTIONS

$438 per week for earning exemption. May be increased to $688 per week if qualified for head of household (no one else in household earning any money).

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