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 incurred by only one
spouse.
Personal Property
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.