What Creditors Cannot Take
IC 34-55-10-2 — $15,000 in a residence, $8,000 in other property, and $300 in cash and accounts
| Property of a debtor domiciled in Indiana | Exempt |
|---|---|
| Property of a debtor domiciled in IndianaThe personal or family residence | ExemptUp to $15,000 |
| Property of a debtor domiciled in IndianaOther real estate or tangible personal property | Exempt$8,000 |
| Property of a debtor domiciled in IndianaIntangible property: cash, deposit accounts and claims | Exempt$300 |
Who handles this in Indiana: legal aid programs and the state offices, listed in the Indiana directory.
Also exempt, among others, are the following.
- Professionally prescribed health aids for the debtor or a dependent.
- Real estate held with a spouse as tenants by the entireties, except for a debt both spouses owe.
- Tax deferred retirement plans and Roth IRAs, medical care and health savings accounts, and most qualified tuition programs and education savings accounts.
- Federal and Indiana earned income tax credit refunds, and a veteran's service connected disability benefit.
Property the debtor voluntarily put a lien on is not exempt to the extent of the balance on that debt. The amounts stand until the department of financial institutions adopts a rule changing them.
Sources for this section (1)
- IC 34-55-10-2 — Bankruptcy exemptions; limitations
Legal information, not legal advice. Verified as of October 2026. Applying it to a particular situation is the work of a licensed Indiana attorney.