Bankruptcy by State
Bankruptcy in Indiana
How Indiana's bankruptcy exemptions, Chapter 7 income limits, and filing volume compare to the rest of the country.
Homestead exemption
$22,750
#29 of 51
Vehicle exemption
None (use wildcard)
Wildcard may apply
Median income (1 person)
$64,461
Chapter 7 means-test threshold
Annual filings
18,233
Year 2025
Indiana vs. national medians
National medians are calculated across all 51 states plus the District of Columbia. Ranks run from #1 (highest) to #51 (lowest). Where a state publishes a range or a conditional amount, the exemption is shown in full and ranked by its guaranteed minimum.
| Metric | Indiana | National median | Rank |
|---|---|---|---|
| Homestead exemption | $22,750 | $90,000 | #29 of 51 |
| Motor vehicle exemption | None (use wildcard) | $7,250 | — |
| Median income (1-person household) | $64,461 | $71,745 | #43 of 51 |
| Median income (4-person household) | $115,656 | $126,058 | #39 of 51 |
| Annual bankruptcy filings | 18,233 | 8,707 | #11 of 51 |