Indiana Bankruptcy Laws & Exemptions
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Indiana Bankruptcy Laws

Filing Bankruptcy in Indiana

Indiana bankruptcy laws provide multiple choices designed to help you regain control of your debts and financial life.

We provide an overview of bankruptcy laws in Indiana, but a local attorney can answer specific questions you might have about how these laws affect your case.

For a free bankruptcy case evaluation with a lawyer near you in Indiana, complete the free form on this page and we'll connect you right away.

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Indiana Bankruptcy Laws and Exemptions

Indiana laws offer both Chapter 7 and Chapter 13 bankruptcy cases. Chapter 7 bankruptcy is designed to quickly and completely erase debt related to credit cards, medical bills and personal loan. It's often a good option for people without the regular income to cover these expenses.

The trade-off for clearing such debt in only a few months is that creditors may make a claim on liquidation of certain types of property. However, each state provides exemptions that protect certain property from being sold during bankruptcy. Most people who choose to file Chapter 7 bankruptcy do not own any non-exempt property, so there is no liquidation.

The exemptions in Indiana include the following, but if you have specific questions about whether your property would be protected, speak with a local Indiana bankruptcy lawyer.


  • Up to $15,000, includes farm, condo, personal property or cooperative properties.


  • Up to 75 percent of weekly disposable earnings.

Personal Property

  • $300 for “intangible personal property.”
  • 100 percent of the value of professional health aids.
  • Up to $8,000 in other real estate and tangible personal property.

Chapter 13 bankruptcy is commonly known as reorganization because it allows debts to be reordered, prioritized and then a payment plan is set up and protected by a judge. Debtors who own more property may choose to file Chapter 13 bankruptcy because it could allow them to keep most or all of their assets.

Debtors who file Chapter 13 bankruptcy are required to create and propose a debt repayment plan to be approved by the bankruptcy court. This three-five year plan allows the debtor time to catch up on past due bills while stopping harassment and threats of foreclosure and repossession.

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Speak With an Indiana Bankruptcy Lawyer Today

Bankruptcy laws in Indiana can be complex. With enough stress already, many people turn to a bankruptcy lawyer for help in getting through the filing bankruptcy process without missing important deadlines or meetings.

An Indiana bankruptcy lawyer may take you through the process step by step, answer your questions, and help you take advantage of this powerful process.

If you would like a free case evaluation with a local sponsoring bankruptcy lawyer complete the free form on this page or call, 877-349-1309. We'll put you in touch right away with a sponsoring bankruptcy lawyer in Indiana near you.

Note: Keep in mind all laws are complex. If you need legal advice or want to fully understand how these laws affect you, please speak with a local attorney.

Laws may have changed since our last update. For the latest information on your state's bankruptcy laws, speak to a local bankruptcy lawyer.

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