Indiana Bankruptcy Exemptions

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Blank amounts in the individual or jointly owned column means the exemption is normally unlimited. Social security and retirement benefits are examples of benefits the trustee cannot normally take. Federal Exemptions adjust at least annually with cost of living. Directly below you will find the federal chart; below it, you’ll find the Indiana chart. Indiana exemptions do not increase often or automatically.

Federal Bankruptcy Exemptions

Federal Exemption   Description

Individual

Jointly   Owned

1Alimony, Support 11   USC § 522(d)(10)(D)
2Crime Victims   Reparation Benefits 11 USC § 522(d)(11)(A)
3Disability, Illness,   Unemp. Benefits 11 USC § 522(d)(10)(C)
4Future Earnings   Compensation 11 USC § 522(d)(11)(E)
5Health Aids 11 USC §   522(d)(9)
6Household Goods 11   USC § 522(d)(3)

11,525

23,050

7Jewelry 11 USC §   522(d)(4)

1,450

2,900

8Life Insurance –   Unmatured 11 USC § 522(d)(7)
9Life Insurance   Proceeds 11 USC § 522(d)(11)(C)
10Life Insurance   Proceeds – Unmatured 11 USC § 522(d)(8)

11,525

23,050

11Motor Vehicle 11 USC   § 522(d)(2)

3,450

6,900

12Personal Injury   Payments 11 USC § 522(d)(11)(D)

21,625

43,250

13Real Property 11 USC   § 522(d)(1)

21,625

43,250

14Retirement Accounts   under 401, 403, 408, etc. 11 USC § 522(d)(12)
15Social Security,   Unemployment 11 USC § 522(d)(10)(A)
16Stock Bonus,   Pension, Annuity 11 USC § 522(d)(10)(E)
17Tools of Trade –   Books, Equipment 11 USC § 522(d)(6)

2,175

4,350

18Veteran’s Benefits   11 USC § 522(d)(10)(B)
19Wage Garnishment (90   days prior) 11 USC § 522(g)
20Wildcard – Any   Property 11 USC § 522(d)(5)

1,150

2,300

21Wildcard – Unused   amount of 522(d)(1) 11 USC § 522(d)(5)

10,825

21,650

22Wrongful Death   Payments 11 USC § 522(d)(11)(B)

 Indiana Bankruptcy Exemptions

Indiana   Exemption Description

Individual

Jointly   Owned

1Beneficiaries Life   or Annuity Proceeds ICA §27-2-5-1(b)
2Earnings ICA   §24-4.5-5-105(2)(a)

75%

75%

3Fraternal Benefit   Society ICA §27-11-6-3
4Health Aids ICA   §34-55-10-2(c)(4)
5Homestead ICA   §34-55-10-2(c)(1) 17,600.00 35,200.00

17,600.00

35,200.00

6Insurance – Life   & Accident ICA §27-8-3-23(b)
7Insurance – Life   Proceeds ICA §27-1-12-14(e)
8Insurance – Life   Proceeds – Group ICA §27-1-12-29(b)
9Intangible Personal   Property ICA §34-55-10-2(c)(3)

350.00

700.00

10Medical Care Savings   Accounts ICA §34-55-10-2(c)(7)
11Other Real Estate or   Tangible Personal Prop. ICA §34-55-10-2(c)(2)

9,350

18,700

12Partnership Property   ICA §23-4-1-25(2)(c)
13Pension – Firemen   ICA §36-8-7-22
14Pension – Police ICA   §36-8-6-14(c), §36-8-7.5-19
15Pension – Teachers   CIA § 5-10.4-5-14(a)
16Property of Housing   Authority ICA §36-7-18-34
17Public Employees   Retirement ICA § 5-10.3-8-9
18Qualified Tuition   Program ICA § 34-55-10-2(c)(8)(C)

5,000

10,000

19Real Estate (Tenant   by Entirety) ICA §34-55-10-2(c)(5)
20Refund under IRS   code § 32 ICA § 34-55-10-2(c)(10)
21Retirement Plan ICA   §34-55-10-2(c)(6)
22Uniforms, Arms, and   Military Property ICA §10-2-6-3
23Widows Allowance ICA   §34-55-7-9
24Workmens   Compensation ICA §22-3-2-17