Indiana Code 34-55-10-1. Bankruptcy exemptions
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Terms Used In Indiana Code 34-55-10-1
- Bankruptcy: Refers to statutes and judicial proceedings involving persons or businesses that cannot pay their debts and seek the assistance of the court in getting a fresh start. Under the protection of the bankruptcy court, debtors may discharge their debts, perhaps by paying a portion of each debt. Bankruptcy judges preside over these proceedings.
Sec. 1. In accordance with Section 522(b) of the Bankruptcy Code of 1978 (11 U.S.C. § 522(b)), in any bankruptcy proceeding, an individual debtor domiciled in Indiana is not entitled to the federal exemptions as provided by Section 522(d) of the Bankruptcy Code of 1978 (11 U.S.C. § 522(d)).
[Pre-1998 Recodification Citation: 34-2-28-0.5.]
As added by P.L.1-1998, SEC.51. Amended by P.L.179-2005, SEC.9.