|
ASSET
|
EXEMPTION DESCRIPTION
|
LAW SECTION
|
|
HOMESTEAD
also see wild card
|
Real or personal property used as residence to $7,500 (homestead plus
personal property—except health aids can’t exceed $10,000)
|
34-55-10-2(b)(1)
34-55-10-2(c) |
| |
Property held as tenancy by the entirety may be exempt against debts
incurred by only one spouse
|
34-55-10-2(b)(5)
|
|
INSURANCE
|
Fraternal benefit society benefits
|
27-11-6-3
|
| |
Group life insurance policy
|
27-1-12-29
|
| |
Life insurance policy; proceeds, cash value or avails if beneficiary
is insured’s spouse or dependent
|
27-1-12-14
|
| |
Life insurance proceeds if clause prohibits proceeds to used to pay
beneficiary’s creditors
|
27-2-5-1
|
| |
Mutual life or accident proceeds
|
27-8-3-23
|
|
MISC.
|
Property of business partnership
|
23-4-1-25
|
|
PENSIONS
|
Firefighters
|
36-8-7-22, 36-8-8-17
|
| |
Police officers (only benefits building up)
|
10-1-2-9, 36-8-8-17
|
| |
Public employees
|
5-10.3-8-9
|
| |
Public or private retirement benefits
|
34-2-28-1 (a)(6)
|
| |
Sheriffs (only benefits building up)
|
36-8-10-19
|
| |
State teachers
|
21-6.1-5-17
|
|
PERSONAL PROPERTY
also see wild card
|
Health aids
|
34-2-28-1 (a)(4)
|
| |
$100 on any intangible personal property, except money owed to you
|
34-2-28-1 (a)(3)
|
|
PUBLIC BENEFITS
|
Crime victims’ compensation unless seeking to discharge debt for
treatment of injury incurred during the crime
|
12-18-6-36
|
| |
Unemployment compensation
|
22-4-33-3
|
| |
Workers’ compensation
|
22-3-2-17
|
|
TOOLS OF TRADE
|
National guard uniforms, arms and equipment
|
10-2-6-3
|
|
WAGES
|
Minimum 75% of earned but unpaid wages; bankruptcy judge may
authorize more for low-income debtors
|
24-4.5-5-105
|
|
WILD CARD
|
$4,000 of any real estate or tangible personal property
|
34-55-10-2(b)(2)
|
