Indiana STATE LAW

WAGE GARNISHMENT EXEMPTION:

– 75% of disposable earnings or 30 times the federal minimum hourly wage ($5.15), whichever is greater

MAXIMUM INTEREST RATE:

– Legal: 8%
– Judgment: 8%

STATUTE OF LIMITATIONS FOR ENFORCEMENT:

– Open Account (credit card): 6 years
– Written contract for payment of money: 6 years
– Written Contract (other than payment of money): 10 years
– Written Contract (sale of goods): 4 years
– Domestic Judgment: 10 years (property); 20 years (personal)
– Foreign Judgment: 10

BAD CHECK LAW DAMAGES:

– Three times the check amount up to $500 over check amount (can also collect attorney fees plus interest up to 18% OR attorney fees and 8% interest)

tape recording

– One party state

BANKRUPTCY PROPERTY EXEMPTIONS:
(Indiana Statutes Annotated)

– Cannot claim federal exemptions, but can claim the federal non–bankruptcy exemptions
– The State of Indiana exempts the property and income below from seizure by the bankruptcy court to pay creditors:

Real Estate:

– Real or personal property used as residence to $7,500; homestead plus personal property (except health aids) up to $10,000 [34–55–10–2(b)(1)]

Personal property:

– $100 of any intangible personal property except money which is owed to debtor [34–55–10–2(b)(3)]
– Health aids, unlimited amount [34–55–10–2(b)(4)]
– National guard uniforms, arms and equipment, unlimited amount [10–2–6–3]

Insurance / Annuities:

– Fraternal society benefits, unlimited amount [27–11–6–3]
– Group life insurance policy, unlimited amount [27–1–12–29]
– Life insurance policy, proceeds or cash value if beneficiary is insured's spouse or dependent, unlimited amount [27–1–12–14]
– Life insurance proceeds if policy prohibits proceeds to be used to pay creditors, unlimited amount [27–2–5–1]
– Mutual life or accident insurance proceeds, unlimited amount [27–8–3–23]

Pensions / Retirement Plans:

– Retirement benefits, unlimited amount [5–10.3–8–9]
– Firefighters, unlimited amount [36–8–7–22 and 36–8–8–17]
– Police officers, unpaid benefits only [10–1–2–9 and 36–8–8–17]
– Sheriffs, unpaid benefits only [36–8–10–19]
– State–employed teachers [21–6.1–5–17]

Public Benefits / Entitlements:

– Unemployment compensation, unlimited amount [22–4–33–3]
– Workers' compensation, unlimited amount [22–3–2–17]
– Crime victims' compensation unless debt is for the treatment of injury incurred during the crime, unlimited amount [5–2–6.1–38]

Wages:

– 75% of earned but unpaid wages [24–4.5–5–105]

Miscellaneous:

– Real estate or tangible personal property up to $4,000 [34–55–10–2(b)(2)]
– Business partnership property, unlimited amount [23–4–1–25]