The references to Indiana statutes are to the Indiana Statutes Annotated.
Resources:
United States Bankruptcy Court, Northern District of Indiana
United States Bankruptcy Court, Southern District of Indiana
| Indiana Bankruptcy Exemptions | ||||||||
| Assets | Exemption | State Statute | ||||||
| Homestead | Property that is held as tenancy by the entirety: may be exempt if only one spouse incurred the debt. | 32-17-3.1; 34-55-10-2(c)(5) | ||||||
| Any real or personal property used as a residence: up to $15,000. | 34-55-10-2(c)(1) | |||||||
| Insurance | Life insurance policy/proceeds/cash value/avails: all if beneficiary is the spouse or dependent of the insured. | 27-1-12-14 | ||||||
| Employer life insurance policy on employee: all. | 27-1-12-17.1 | |||||||
| Group life insurance policy: all. | 27-1-12-29 | |||||||
| Life insurance proceeds: all if policy has clause forbidding proceeds to be used to pay the beneficiary's creditors. | 27-1-5-1 | |||||||
| Accident and mutual life insurance proceeds: all necessary for support. | 27-8-3-23 | |||||||
| Benefits from fraternal benefit society: all. | 27-11-6-3 | |||||||
| Miscellaneous | Property owned by a business partnership: all. | 23-4-1-25 | ||||||
| Pensions | Federal pension exemptions. | |||||||
| Public employee pensions: all. | 5-10.3-8-9 | |||||||
| State teacher pensions: all. | 5-10.4-5-14 | |||||||
| Police officer pensions: all. | 10-12-2-10; 36-8-8-17 | |||||||
| Public and private retirement benefits and contributions: all. | 34-55-10-2(c)(6) | |||||||
| Firefighter pensions: all. | 36-8-7-22; 36-8-8-17 | |||||||
| Sheriff pensions: all. | 36-8-10-19 | |||||||
| Personal Property | Spendthrift trusts: all. | 30-4-3-2 | ||||||
| Intangible personal property: all except money owed the debtor. | 34-55-10-2(c)(3) | |||||||
| Health aids: all professionally prescribed for debtor and debtor's dependents. | 34-55-10-2(c)(4) | |||||||
| Medical care savings account deposits: all. | 34-55-10-2(c)(7) | |||||||
| Public Benefits | Crime victims' benefits: all except to discharge debts for damages covered by the compensation. | 5-2-6.1-38 | ||||||
| Worker's compensation benefits: all. | 22-3-2-17 | |||||||
| Unemployment compensation benefits: all. | 22-4-33-3 | |||||||
| Tools of Your Trade | For members of the National Guard: all arms, equipment, and uniforms. | 10-16-10-3 | ||||||
| Wages | Wages: at least 75% of disposable weekly earnings for wages that have been earned but not yet paid or 30 times the federal minimum hourly wage, whichever is greater. The bankruptcy judge may allow a larger exemption for low-income debtors. | 24-4.5-5-105 | ||||||
| Wildcard | Real or tangible personal property: up to $8,000. | 34-55-10-2(c)(2) | ||||||