Indianapolis Attorney For Bankruptcy Reacts to Unemployment Benefits Ruling
Yesterday in Bankruptcy in Indiana, I mentioned the fact that Congress has just rejected the Unemployment Extension Bill. Let’s talk about what that could mean to you Indiana 
bankruptcy clients and readers.
If you’re already collecting unemployment payments, you will still collect for any weeks remaining on your present “tier” of benefits. There will be no renewals, though. If you were already on Extended Benefits, the payments stopped June 13, even if you had money remaining on your claim.
- Unemployment benefits are exempt property for purposes of bankruptcy. That means that if you file personal bankruptcy in Indiana and you still have benefit payments coming to you, you will be allowed to keep that money to use towards your own living expenses, rather than using it to pay towards debts. (As