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Bankruptcy in Indiana: Exemptions and Filing Guide

State-specific bankruptcy exemptions and filing information for Indiana. These exemptions determine what property you can keep when filing Chapter 7 bankruptcy.

Data last updated: Jan 15, 2025

Key Takeaways

  • Homestead exemption: $22,750.
  • Vehicle exemption: $10,250 in real or personal property (total).
  • Must use state exemptions (no federal option).
  • Attorney fees: $1,000–$1,800 (Ch. 7) / $2,500–$4,000 (Ch. 13) typical.
$22,750 Homestead exemption
$10,250 in real or personal property (total) Vehicle exemption
No Federal option
$338 (Chapter 7) / $313 (Chapter 13) Filing fee

Indiana Bankruptcy Exemptions

  • Homestead$22,750
  • Vehicle$10,250 in real or personal property (total)
  • Personal property$10,250 total in tangible property
  • WildcardNone (the $10,250 personal property exemption functions similarly)
  • Federal exemptionsNot available

Means Test: Indiana Median Income

To qualify for Chapter 7 in Indiana, your income must be below the state median or you must pass the means test showing no disposable income for creditors.

  • 1 person$55,800
  • 2 people$68,900
  • 3 people$79,300
  • 4 people$92,400

Filing Costs

  • Court filing fee$338 (Chapter 7) / $313 (Chapter 13)
  • Typical attorney fee$1,000–$1,800 (Ch. 7) / $2,500–$4,000 (Ch. 13)
  • Court districtsNorthern and Southern Districts of Indiana

Indiana bankruptcy court

Related Resources

Frequently Asked Questions

  • What is Indiana's homestead exemption?

    Indiana provides a homestead exemption of up to $22,750 for real estate or personal property used as a residence.

  • Can I use federal bankruptcy exemptions in Indiana?

    No. Indiana requires debtors to use state exemptions.

  • What personal property can I protect in Indiana?

    Indiana allows an aggregate exemption of $10,250 for intangible personal property and $10,250 for tangible personal property.

  • How do Indiana's bankruptcy exemptions compare to neighboring states?

    Indiana's exemptions are moderate. Ohio and Illinois have similar homestead values, while Michigan allows higher vehicle exemptions.

Legal Disclaimer: FreeNetLaw provides general legal information, not legal advice. The information on this site is not a substitute for consultation with a licensed attorney. Laws vary by jurisdiction and change frequently. Always verify information with official sources and consult a qualified attorney for advice about your specific situation.

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