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Indiana Bankruptcy Exemptions

Federal Supplemental Exemptions can be used in conjunction with your Indiana exemptions and can be viewed here.

In Indiana, you may choose to use the Federal Exemption set instead of your state exemptions.

You may also want to visit your local federal bankruptcy court web site:

Also see Indiana bankruptcy forms.

ASSET

EXEMPTION DESCRIPTION

LAW SECTION

HOMESTEAD

also see wild card

Real or personal property used as residence to $7,500 (homestead plus personal property—except health aids can’t exceed $10,000)

34-55-10-2(b)(1)

34-55-10-2(c)

 

Property held as tenancy by the entirety may be exempt against debts incurred by only one spouse

34-55-10-2(b)(5)

INSURANCE

Fraternal benefit society benefits

27-11-6-3

 

Group life insurance policy

27-1-12-29

 

Life insurance policy; proceeds, cash value or avails if beneficiary is insured’s spouse or dependent

27-1-12-14

 

Life insurance proceeds if clause prohibits proceeds to used to pay beneficiary’s creditors

27-2-5-1

 

Mutual life or accident proceeds

27-8-3-23

MISC.

Property of business partnership

23-4-1-25

PENSIONS

Firefighters

36-8-7-22, 36-8-8-17

 

Police officers (only benefits building up)

10-1-2-9, 36-8-8-17

 

Public employees

5-10.3-8-9

 

Public or private retirement benefits

34-2-28-1 (a)(6)

 

Sheriffs (only benefits building up)

36-8-10-19

 

State teachers

21-6.1-5-17

PERSONAL PROPERTY
also see wild card

Health aids

34-2-28-1 (a)(4)

 

$100 on any intangible personal property, except money owed to you

34-2-28-1 (a)(3)

PUBLIC BENEFITS

Crime victims’ compensation unless seeking to discharge debt for treatment of injury incurred during the crime

12-18-6-36

 

Unemployment compensation

22-4-33-3

 

Workers’ compensation

22-3-2-17

TOOLS OF TRADE

National guard uniforms, arms and equipment

10-2-6-3

WAGES

Minimum 75% of earned but unpaid wages; bankruptcy judge may authorize more for low-income debtors

24-4.5-5-105

WILD CARD

$4,000 of any real estate or tangible personal property

34-55-10-2(b)(2)