Types of Property Subject to Seizure in Chapter 7 Bankruptcy
Sawin & Shea
OCTOBER 12, 2022
Indiana features a homestead exemption that allows you to protect up to $22,750 in your home’s equity or in personal property that’s considered your residence, such as a trailer or mobile home. So if you own more equity in your home, the trustee could sell your property, and the profits above $22,750 would be used to pay off creditors.
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