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Indiana Homestead Exemption Indiana's homestead exemption applies to residential property or tangible personal property (such as a mobile home) that constitutes your personal or family residence. As a result, a homestead in Indiana can include a home, condominium, trailer, or farm.
Some exemptions are automatically applied. For example, an Order to take your wages (garnishment) will include limitations required by state and federal laws. For all other exemptions, you should notify the Court in writing that you believe a specific exemption applies to you.
Limits on Wage Garnishment in Indiana For any given workweek, creditors are allowed to garnish the lesser of: 25% of your disposable earnings, or. the amount by which your weekly disposable earnings exceed 30 times the federal hourly minimum wage.
Indiana Wage Garnishment Process To get a wage garnishment in the state of Indiana, a creditor first needs to sue you in court for the debt you owe. If you don't show up to the court to challenge the creditor's lawsuit, then the court will issue a default judgment against you.
Stop Wage Garnishment Immediately by Filing for Bankruptcy Depending on why you're paying, it may only be temporary. It won't impact child support, alimony, tax, or student loan payments since these are non-dischargeable (can't be cleared) priority debts under the bankruptcy code.
By paying the debt off before it goes to court, you can stop the garnishment from ever happening. If you can't repay the debt or making payments is extremely difficult the best move is to contact the creditor. Ignoring creditors generally creates more problems than it avoids.
The ways you can put a stop to a garnishee are: Negotiate repayment terms with your creditor on the condition that they agree to remove the garnishee. Obtain a loan to pay off the garnisheeing creditor in full. File with orderly payment of debts (where available).
Limits on Wage Garnishment in Indiana Here are the rules: For any given workweek, creditors are allowed to garnish the lesser of: 25% of your disposable earnings, or. the amount by which your weekly disposable earnings exceed 30 times the federal hourly minimum wage.