Exemptions or Assets that can be kept in a Bankruptcy

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.)

Don't worry too much about exemptions. We will make sure you get to keep as much as is legally possible.