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FEDERAL BANKRUPTCY EXEMPTIONS ARE NOT AVAILABLE All law references are to Indiana Bankruptcy Code annotated unless noted. |
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ASSET |
EXEMPTION |
LAW PROVISION |
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HOMESTEAD
also see wild card
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Real or personal property used as residence to $8,000 (homestead plus personal property—except health aids cant exceed $17,600
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34-55-10-2(b)(1) |
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Property held as tenancy by the entirety may be exempt against debts incurred by only one spouse |
34-55-10-2(c) |
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INSURANCE |
Fraternal benefit society benefits |
27-11-6-3 |
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Group life insurance policy |
27-1-12-29 |
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Life insurance policy; proceeds, cash value or avails if beneficiary is insureds spouse or dependent |
27-1-12-14 |
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Life insurance proceeds if clause prohibits proceeds to used to pay beneficiarys creditors |
27-2-5-1 |
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Mutual life or accident proceeds |
27-8-3-23 |
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MISCELLANEOUS |
Property of business partnership |
23-4-1-25 |
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PENSIONS |
Firefighters |
36-8-7-22, 36-8-8-17 |
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Police officers (only benefits building up) |
10-1-2-9, 36-8-8-17 |
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Public employees |
5-10.3-8-9 |
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Public or private retirement benefits |
34-2-28-1 (a)(6) |
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Sheriffs (only benefits building up) |
36-8-10-19 |
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State teachers |
21-6.1-5-17 |
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PERSONAL PROPERTY
also see wild card |
Health aids |
34-2-28-1 (a)(4) |
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$350 on any intangible personal property, except money owed to you |
34-2-28-1 (a)(3) |
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PUBLIC BENEFITS |
Crime victims compensation unless seeking to discharge debt for treatment of injury incurred during the crime |
12-18-6-36 |
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Unemployment compensation |
22-4-33-3 |
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Workers compensation |
22-3-2-17 |
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TOOLS OF TRADE |
National guard uniforms, arms and equipment |
10-2-6-3 |
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WAGES |
Minimum 75% of earned but unpaid wages; bankruptcy judge may authorize more for low-income debtors |
24-4.5-5-105 |
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WILD CARD |
$9,350 of other real estate or tangible personal property |
34-2-28-1 (a)(2) |