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Indiana General Assembly
House Bill 1262


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House Bill 1262

ARCHIVE (2005)

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DIGEST OF HB1262 (Updated April 13, 2005 4:08 pm - DI 84)

Bankruptcy and exemption amounts. Increases exemption amounts for property subject to attachment or execution under a bankruptcy proceeding or based on a judgment against the property owner. Requires the department of financial institutions to adjust exemption amounts every six years beginning in 2010. Repeals obsolete provisions. Adds interest a debtor has in a qualified tuition program, interest a debtor has in an education savings account, and interest a debtor has in an earned income credit to the property that is exempt from a bankruptcy proceeding. (The introduced version of this bill was prepared by the commission on courts.)
Current Status:
 Law Enacted
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