This page on Indiana bankruptcy exemptions is used for planning an Indiana Bankruptcy.  Use it together with referencing the Kentucky chart and page on exemptions. You cannot use the Federal Exemptions in Indiana.  Instead the state exemptions for Indiana are used which is smaller.  You want to get your tax refund and spend it before filing and you also want the money in your bank account to be very little on the date of filing.   The Intangible property is only 350.00 and debtors who file cannot keep more than 350 in tax refunds and bank account assets.

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 bankruptcy exemptions do not increase often or automatically.

Indiana Bankruptcy Exemptions

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
Follow Us