In Re: Thomas O. Oakley, Debtor-Appellee. Appeal Of: Daniel L. Freeland, Trustee

POSNER, Circuit Judge.

The question presented by this appeal is whether U.S. currency is “tangible” or “intangible” personal property within the meaning of an Indiana statute that places some of the property of a bankrupt or other judgment debtor beyond the reach of his creditors. See Arnold v. Melvin R. Hall, Inc., 496 N.E.2d 63, 65 (Ind.1986); State ex rel. Wilson v. Monroe Superior Court IV, 444 N.E.2d 1178, 1178 (Ind.1983); In re Salzer, 52 F.3d 708, 711 (7th Cir.1995). The statute exempts $4000 worth of tangible property, but only $100 of intangible property, Ind.Code §§ 34-55-10-2(b)(2),…