Summary
In Indiana, being judgment proof means your income and assets are protected from creditors. Social Security, unemployment, and veterans benefits are generally protected. Wages up to $217.50 per week are exempt. For negotiating a debt settlement, you can highlight financial hardships, such as significant student loan debt, to potentially lower the settlement amount. Consider offering a lump sum or proposing an installment plan, and ensure any agreement is documented in writing.Full Conversation
In indiana- how much is the protected income in dollar amount
Hi Patti! In Indiana, the protected income amount, also known as the "homestead exemption," is $*,*. This means that creditors cannot seize your home equity up to this amount. If you have any more questions or need further clarification, feel free to ask!
no how much can I make and still be considered income proof
Hi Patti! If you are asking about the income limits for various assistance programs or benefits, it can vary. For instance, for Medicaid in Indiana, the income limit for a single individual is approximately $*,* per month. Could you specify the context or program you're referring to?
no-
Case Rating: *
Hi Patti! Are you asking about the income limits for a specific legal aid program or assistance? Please provide a bit more context so I can give you the most accurate information.
no sorry- judgment proof
Case Rating: *
It seems like you're asking about being "judgment proof" in Indiana. Generally, being judgment proof means that your income and assets are protected from creditors. Here are some details:
- Social Security benefits, unemployment, and veteran's benefits are generally protected.
- Wages below a certain threshold are also protected.
Do you have any specific concerns or additional questions?
yes - the dollar amount that I can make and still be considered judgment proof
Case Rating: *
Hi Patti! To be considered judgment proof in Indiana, your income must be below certain thresholds. Generally, federal law protects:
- *% of Social Security benefits.
- *% of unemployment and veteran's benefits.
- Wages up to $*.* per week for a single individual (* times the federal minimum wage of $*.*).
Is there anything else you need help with?
is there a way to include that I owe over *,* in student loans to offset and negotiate with Capitol One for a judgment of $*,*
Case Rating: *
Hi Patti! Here are a few points to consider:
- Student Loans: Generally, student loans cannot be used directly to offset debts like a judgment from Capital One.
- Negotiation: You can use your high student loan debt as a bargaining chip to negotiate a lower settlement amount with Capital One.
Would you like more information on how to negotiate this settlement?
yes
Case Rating: *
Sure Patti, here are some tips for negotiating a settlement with Capital One:
- Financial Hardship: Clearly explain your financial hardship, including your $*,* student loan debt.
- Offer a Lump Sum: If possible, offer a lump-sum payment that is less than the total amount owed.
- Installment Plan: Propose an affordable installment plan to repay the debt over time.
- Get It in Writing: Ensure any agreement is documented in writing.
Would you like to know more about the negotiation process?