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Indiana State Exemptions

Homestead

• Real or personal property used as residence to $7,500 (homestead plus personal property — except health aids can’t exceed $10,000)
• Property held as tenancy by the entirety may be exempt against debts incurred by only one spouse

Insurance

• Fraternal benefit society benefits
• Group life insurance policy
• Life insurance policy; proceeds, cash value or avails if beneficiary is insured’s spouse or dependent
• Life insurance proceeds if clause prohibits proceeds to used to pay beneficiary’s creditors
• Mutual life or accident proceeds

Miscellaneous

• Property of business partnership

Pensions

• Firefighters
• Police officers (only benefits building up)
• Public employees
• Public or private retirement benefits
• Sheriffs (only benefits building up)
• State teachers

Personal Property

• Health aids $100 on any intangible personal property, except money owed to you

Public Benefits

• Crime victims’ compensation unless seeking to discharge debt for treatment of injury incurred during the crime
• Unemployment compensation
• Workers’ compensation

Tools of Trade

• National guard uniforms, arms and equipment

Wages

• Minimum 75% of earned but unpaid wages; bankruptcy judge may authorize more for low-income debtors

Wild Card

• $4,000 of any real estate or tangible personal property