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).