What you can protect during a bankruptcy?
Certain states allow the debtor to choose between their specific state exemptions and the federal bankruptcy exemptions, but Indiana is not one of those states. In Indiana a debtor must use the Indiana state bankruptcy exemptions. However, in Indiana, married couples who are filing together in joint bankruptcy are permitted to double the state exemption amounts. Two common questions/concerns for individuals who are contemplating filing for bankruptcy are: will I lose my home and will…