Indiana Bankruptcy Exemptions

On this page you can find all of the exemptions for Indiana. Exemptions are the property that you can keep when you file bankruptcy.

CATEGORY
PROPERTY
AMOUNT
STATUTE
Homestead
Real estate or personal property constituting personal or family residence of domiciled debtor
$17,600 (Exemption may be used individually by joint debtors if property held by entireties)
Ind. Code § 34-55-10-2(c)(1)
Wild Card
Intangible personal property of domiciled debtor (includes choses in action but excludes debts and income owing)
$350
Ind. Code § 34-55-10-2(c)(3)
Wild Card
Other real estate and tangible personal property of domiciled debtor
$9,350
Ind. Code § 34-55-10-2(c)(2)
Wages / Wage Garnishment
Disposable earnings (net earnings after deductions required by law)
30 times the federal minimum hourly wage per week OR 75% of disposable earnings WHICHEVER IS GREATER
Ind. Code § 24-4.5-5-105
Insurance
Proceeds and avails of life insurance policies payable to spouse, children, dependent relative or creditor of insured
100%
Ind. Code § 27-1-12-14
Insurance
Group life insurance proceeds
100%
Ind. Code § 27-1-12-29
Insurance
Fraternal Benefit Society benefits
100%
Ind. Code § 27-11-6-3
Insurance
Mutual life & accident ins. proceeds (But see In re Stinnett, 465 P.3d 309 (7th Cir. 2006))
100%
IND. CODE § 27-8-3-23
Insurance
Compensation for 2011 State Fair Victims
100%
Ind. Code § 34-55-5-10-2(c)(13)
Insurance
Beneficiaries of life insurance or annuities proceeds
100%(see IC §27-1-12-14 for limits)
Ind. Code § 27-2-5-1(b)
Insurance
Employer’s life insurance policy on employee
100%
Ind. Code § 27-1-12-17.1(f)
Personal Property
Professionally prescribed health aids of debtor and dependents
100%
Ind. Code § 34-55-10-2(c)(4)
Pensions / Retirement Accounts
Public employees' retirement funds and benefits
100%
Ind. Code § 5-10.3-8-9
Pensions / Retirement Accounts
Police pension benefits
100%
Ind. Code §§ 36-8-10-19, 36-8-7.5-19 36-8-6-14
Pensions / Retirement Accounts
Teachers' pension benefits
100%
Ind. Code § 5-10.4-5-14
Pensions / Retirement Accounts
Debtor’s interest in pension or retirement fund, annuity plan, individual retirement account, or similar fund, either private or public
100% of contributions and earnings that are qualified under the I.R.C.
Ind. Code § 34-55-10-2(c)(6)
Pensions / Retirement Accounts
Police Pension Fund Benefits
100%
Ind. Code §§ 10-12-1-8, 36-8-6-14, 36-8-7.5-19, & 36-8-10-19
Pensions / Retirement Accounts
Firemen's pension benefits
100%
Ind. Code § 36-8-7-22
Tools of the Trade
Uniforms, arms, and equipment of National Guard member
100%
Ind. Code § 10-16-10-3
Public Benefits
Unemployment compensation
100%
Ind. Code § 22-4-33-3
Public Benefits
Workmen's compensation benefits
100% (except child support)
Ind. Code § 22-3-2-17
Public Benefits
Crime victim’s reparation awards
100%
Ind. Code § 5-2-6.1-38
Miscellaneous
Debtor’s interest in real estate held as tenant by the entirety on date of filing, unless debtor and spouse file joint petition or their bankruptcy cases are subsequently consolidated
100%
Ind. Code § 34-55-10-2(c)(5)
Miscellaneous
Federal earned income tax refund or credit under 26 U.S.C. 32 or ICS §6-3.1-21-6
100%
Ind. Code § 34-55-10-2(c)(11)
Miscellaneous
Surviving spouse allowance
100%
Ind. Code § 34-55-7-9
Miscellaneous
Property of Housing Authorities
100%
Ind. Code § 36-7-18-34
Miscellaneous
Spendthrift trusts
100%
Ind. Code § 30-4-3-2
Miscellaneous
Specific partnership property
100% of partner's interest
Ind. Code § 23-4-1-25
Tuition Savings Account
Interest of debtor in education savings account
See statute for limitations
Ind. Code § 34-55-10-2(c)(10)
Tuition Savings Account
Interest of debtor in a qualified tuition program
See statute for limitations
Ind. Code § 34-55-10-2(c)(9)
Health Savings Account
Money in medical care savings account established under IC 6-8-11
100%
Ind. Code § 34-55-10-2(c)(7) & Ind. Code § 6-8-11-19
Health Savings Account
Interest of debtor in health savings account
100%
Ind. Code § 34-55-10-2(c)(8)

If you want to learn more about filing bankruptcy in Indiana please visit our FAQ Page or for more information about Indiana you can visit the Indiana section.