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Indiana Bankruptcy

Exemption Court
Indiana Bankruptcy Exemption
Homestead:
Real estate or personal property comprising residential home worth $ 15,000.

Personal Assets:
Tangible personal property including real estate property up to $ 8,000 & intangible property of the debtor $ 300.

Wages:
75 % of the earnings or 30 times the federal minimum hourly wages per week whichever is greater.

Widows Allowance:
On the death of the spouse up to the extent of $ 8,500.

Total or Absolute Exemptions for:
  • Prescribed Health Aids.
  • Federal Earned Income Tax.
  • Life and Accident Insurance Proceeds.
  • Federal Benefits & Society Benefits.
  • Group Life Insurance Proceeds.
  • Public Employee's Retirement Funds and Proceeds.
  • Specific Partnership property.
  • Workmen's Compensation Benefits.
  • Proceeds & Benefits of Life Insurance Policies.
  • Police Pension Funds.

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