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| UNITED STATES BANKRUPTCY COURTS | |||||||||
| State Of Indiana | |||||||||
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| Northern
District of INDIANA P.O. Box 7003 (46634-003) 401 S. Michigan South Bend, IN 46601-2196 Telephone: 1-219-236-8247 |
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| Court of Appeals
Indiana Northern District Court Indiana Southern District Court |
| Exemptions:
In general, a debtor may claim exemption of his homestead and certain personal property from attachment and execution of a judgment, or in a bankruptcy proceeding. Indiana permits every judgment debtor domiciled in the state exemption of real and personal property constituting the personal or family residence an amount up to $7,500.00 in value. Some other exemptions may include other real or tangible personal property up to $4,000.00, intangible personal property up to $100.00, professionally prescribed health aids, interest in retirement plan and medical care savings accounts. (Indiana Code 34-2-28-1.) In a bankruptcy proceeding, a debtor, who is a resident of Indiana, is not permitted to elect the exemptions provided under the federal Bankruptcy Code even if the federal exemptions may be more beneficial in his situation. (Indiana Code 34-2-28-0.5.)
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