Indiana Bankruptcy - Find Attorneys & Lawyers in Indiana
A Quick Reference to Indiana Bankruptcy Exemptions
Indiana bankruptcy law does not allow federal exemptions to be used in place of or in addition to state exemptions. Debtors filing for bankruptcy are confined to using the Indiana state exemptions. These include:
Homestead: Property used as a residence by the debtor is exempt up to $15,000. Property held in entirety may be exempt if only one spouse files for bankruptcy. Husband and wife may not double.
Personal property: Health aids, medical care savings, spendthrift trusts and all intangible personal property except money owed to the debtor.
Insurance: Life insurance, mutual life or accident proceeds, group life insurance and employer life insurance on employee.
Pension: Firefighters pension, police officers pension, public employees pension, public or private retirement benefits, sheriffs' pension, state teachers' pension and federal pension exemptions.
Public benefits: Crime victims' compensation, unemployment compensation and workers' compensation.
Tools of trade: National Guard uniforms, arms and equipment.
Wages: At least 75 percent of unpaid disposable weekly wages or 30 times the federal minimum wage.
Wild card: Tangible personal property up to $8,000.
There are U.S Bankruptcy Courts in both Indiana Districts:
Northern District of Indiana
Fort Wayne Division
E. Ross Adair Federal Building and United States Courthouse
1300 South Harrison Street
Fort Wayne, Indiana 46802
Tel: (260) 420-5100
5400 Federal Plaza
Hammond, Indiana 46320
Hammond Division at Lafayette
Charles A. Halleck Federal Building
230 North Fourth Street
Lafayette, Indiana 47901
Tel: (765) 420-6300
Southern District of Indiana
116 U.S. Courthouse
46 E. Ohio Street
Indianapolis, In. 46204
Tel: (317) 229-3800
New Albany Division
110 U.S. Courthouse
121 West Spring Street
New Albany, IN 47150
Tel: (812) 542-4540
352 Federal Bldg.
101 Northwest Martin L. King Boulevard
Evansville, IN 47708
Tel: (812) 434-6470
Terre Haute Division
921 Ohio Street
Terre Haute, IN 47807
Tel: (812) 231-1850