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: Indiana Civil & Business Lawyer

Collections Law: Indiana's Exemption Laws

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Exemptions and collections? Exemptions are the things that cannot be taken by a creditor.

For me, asset protection begins with the exemption laws. So if you want to know if a creditor can take your house or personal property or your stocks or your retirement, you need to go to this page.

You will need to know the difference between real property (land), tangible personal property (the shirt on your back, the car in the driveway, the comic book collection and so on), and intangible personal property (stocks, bonds, cash).

You will notice that this a bankruptcy site. These same statutes apply to the bankruptcy trustee as they do to the creditor in a lawsuit.

Full post as published by Indiana Civil & Business Lawyer on January 17, 2008 (boomark / email).

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