Indiana State Bankruptcy Exemptions
Laws That Keep Your Creditors' Hands Off Your Property
Exemptions are laws passed by every state that allow you to protect certain
types of your property from your creditors when you file bankruptcy-such as
your home, car, pensions and IRAs, motor vehicles, clothing, tools, and other
important property. Indiana law provides a number of exemptions that protect
your property, and your attorney will be able to advise you on which exemptions
are best for you.
Homestead
$7,500 exemption for debtor's real estate or personal property (includes
farm, condominium, personal property, or cooperative).
Wages
30 times the federal minimum wage per week.
Automobiles
No specific automobile exemption.
Other Property
$100 in intangible personal property; 100 percent of the value of
professionally prescribed health aids; and $4,000 in other real estate
and tangible personal property of the debtor.
Note: Exemptions may have changed since our last update. For the latest updates on these property exemptions, speak to a local bankruptcy lawyer.
» Read the complete Indiana bankruptcy
exemptions here
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