Indiana Bankruptcy Exemptions

Homestead

34-55-10-2 - Real or personal property used as a residence up to $15,000; tenancies by the entirety may be exempt from debts incurrecy by only one spouse.

Personal Property

30-4-3-2 - Spendthrift trusts.

34-55-10-2 - Health aids; medical savings account monies; up to $300 of intangible personal property (except for money owed to you); up to $8,000 of real estate or tangible personal property;

Wages

24-4.5-5-105 - Either minimum of 75%° of earned but unpaid wages or 30 times the federal minimum hourly wage: whichever is greater. Judge may approve more for low-income debtors.

Pensions

11 U.S.C. § 522 - Tax exempt retirement accounts. Traditional IRAs and Roth IRAs up to $1,095,000 per person.

5-10.3-8-9 - Public employees.

36-8-8-17 & 10-12-2-10 - Police officers.

5-10.4-5-14 - State teachers.

34-55-10-2 - Public or private retirement benefits.

36-8-7-22 & 36-8-8-17 - Firefighters.

36-8-10-19 - Sheriffs

Public Benefits

5-2-6.1-38 - Crime victims' compensation, unless seeking to discharge debt for treatment of crime-related injury which compensation has already been received for.

22-3-2-17 - Workers' compensation.

22-4-33-3 - Unemployment compensation.

Tools of Trade

10-16-10-3 - National guard arms, uniforms, and equipment.

Insurance

27-1-12-14 - Life insurance policy or proceeds if beneficiary is spouse or dependent.

27-1-12-29 - Group life insurance policy.

27-2-5-1 - Life insurance proceeds if policy prohibits use to pay creditors.

27-8-3-23 - Mutual life or accident policy proceeds as needed for support.

27-11-6-3 - Fraternal benefit society benefits.

27-1-12-17.1 - An employer's life insurance policy on an employee.

Misc.

23-4-1-25 - Business partnership property.

Other - Add any applicable Federal Nonbankruptcy Exemptions

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This website contains information related to law and is NOT LEGAL advice. It contents is for information only. If you need legal advice, please consult an attorney or act as your own.

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All documents typed are prepared by Rica Gilmore.

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