Illinois Bankruptcy Exemptions

What Exemptions are allowed when filing bankruptcy in Illinois?

Below is a list of some of the available Illinois bankruptcy exemptions. This list only identifies a small fraction of the exemptions available in Illinois and there are many exemptions (such as retirement accounts, life insurance, and trade tools) that are not listed and may be beneficial to you. Talk to a qualified Illinois bankruptcy attorney in your area to have all the available exemptions explained to you. Only an Illinois bankruptcy attorney can properly list and explain all of the applicable exemptions offered in Illinois.

Illinois Bankruptcy Exemptions

Homestead	$7,500
Proceeds of sale of homestead	$7,500
Wearing apparel, bible, school books, & family pictures	$2,000
Personal injury awards	$7,500
Motor Vehicle	$1,200
Tools of Trade	$750.00

Contact an Illinois Bankruptcy Attorney today

Complete the short form below and a local bankruptcy attorney will contact you and answer your questions about bankruptcy.

Bankruptcy Resources

Recent Blog Posts

Attorneys: Join Our Network

ATTORNEY ADVERTISING NOTICE: BetterBankruptcy.com is a pooled advertising service for attorneys. BetterBankruptcy.com is not a lawyer referral service or a law firm. Attorneys who appear on BetterBankruptcy.com have paid an online advertising fee. Using BetterBankrutpcy.com is not intended to and does not create an attorney-client relationship between an Attorney and any Requestors. The information contained on BetterBankruptcy.com is not legal advice. The attorneys listed do not in any way constitute a referral or endorsement by this website. To see the attorney in your area who is responsible for this advertisement please click here. If you live in Alabama, Florida, Missouri, New York or Wyoming, please click here for additional information