IN HB1192

Allows bankruptcy debtors to redistribute unused exemption amounts among three property categories: personal/family residence (up to $15,000), other real estate or tangible personal property (up to $8,000), and intangible personal property (up to $300)

If a debtor claims less than the maximum allowed exemptions in these three categories, the difference can be apportioned to any of the three categories at the debtor's discretion

Increases the maximum exemption for intangible personal property (cash, deposit accounts, choses in action) from $300 to $10,000 when using the redistribution provision

Effective date of July 1, 2013