Broden supports bankruptcy exemption for Earned Income Tax Credit

INDIANAPOLIS, IN – February 12, 2010 – (RealEstateRama) — The Senate Appropriations committee voted 9 to 2 Thursday to approve House Bill (HB) 1021 sponsored by State Senator John Broden (D-South Bend) that would allow for exemptions to be made in bankruptcy matters. The bill would allow a debtor’s Indiana Earned Income Tax Credit (EITC) to be considered exempt property under the bankruptcy property exemption statute