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 Indiana TotalBankruptcy.com attorney will be able to advise you on which exemptions are best for you.
Homestead
$15,000 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
$300 in intangible personal property; 100 percent of the value of professionally prescribed health aids; and $8,000 in other real estate and tangible personal property of the debtor.
» Read the complete Indiana bankruptcy exemptions here.
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Please understand that this information is provided for illustration purposes only and is not legal advice. If you would like more information about exemptions, please call our 24-hour toll free hotline at 1 (877) 349-1309 or use our free online evaluation form to get started with your bankruptcy case today!
Note: Laws may have changed since our last update. For the latest information on your state’s bankruptcy laws, speak to a local bankruptcy lawyer.