Indiana Bankruptcy Exemptions

Indiana Exemption Notes

OPT OUT STATUS:

Can I use the §522(d) Federal Bankruptcy Exemptions in Indiana?

No. Ind. Code § 34-55-10-1.

KEY EXEMPTIONS:

Homestead

Real or personal property used as residence to $22,750 (husband and wife may double);
Property held as tenancy by the entirety may be exempt against debts incurred by only one spouse

Motor Vehicle

No specific exemption

Wildcard

$12,100 of any real estate or tangible personal property

Personal Property

Health aids
$350 of any intangible personal property, except money owed to you
Health or medical savings accounts under state or federal law.
Education or college savings accounts under IRC 529 or 530, contributions made at least 1 year before filing.

See Also:
Insurance, Pensions, Public Benefits, Tools of Trade, Wages & Miscellaneous
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