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Illinois Bankruptcy Exemptions

Federal Supplemental Exemptions can be used in conjunction with your Illinois exemptions and can be viewed here.

In Illinois, you may choose to use the Federal Exemption set instead of your state exemptions.

You may also want to visit your local federal bankruptcy court web site:

Also see Illinois bankruptcy forms.

ASSET

EXEMPTION DESCRIPTION

LAW SECTION

HOMESTEAD

Real or personal property including a farm, lot and building, condo, co-op or mobile home to $7,500; sale proceeds exempt 1 year from sale

735-5/12-901, 735-5/12-906

 

Homestead exemption after death or desertion of one spouse for benefit of remaining spouse and/or minor children - (Limit 7,500/7,500)

735-5/12-902

 

Husband and wife may double

First National Bank v Mohr 515 N.E. 2d 1356 (App. Ct. Ill. 1998)

PERSONAL PROPERTY

Bible, family pictures, schoolbooks and needed clothing

735-5/12-1001(a)

 

Health aids

735-5/12-1001(e)

 

Motor vehicle to $1,200

735-5/121001(c)

 

Personal injury recoveries to $7500

735-5/12-1001(g)(4)

 

Proceeds of sold exempt property

735-5/12-1001

 

Title certificate for boat over 12 feet

652-45/3A-7

 

Wrongful death recoveries needed for support

735-5/12-1001(h)(2)

INSURANCE

Fraternal benefit society benefits

215-5/299.1a

 

Health or disability benefits

735-5/12-1001(g)(3)

 

Homeowners’ proceeds if home destroyed, to $7,500

735-5/12-907

 

Life insurance, annuity proceeds or cash value if beneficiary is insured’s child, parent, spouse or other dependent

215-5/238

 

Life insurance policy if beneficiary is insured’s spouse or chil

735-5/12-1001(f)

 

Life insurance proceeds if clause prohibits from being used to pay beneficiary’s creditors

215-5/238

 

Life insurance proceeds needed for support

735-5/12-1001(f), (g)(3)

MISC.

Alimony, child support needed for support

735-5/12-1001(g)(4)

 

Property of business partnership

805-205/25

PENSIONS

Civil service employees

40-5/11-223

 

County employees

40-5/9-228

 

Disabled firefighters; widows and children fo firefighters

40-5/22-230

 

ERISA-qualified benefits

735-5/12-1006

 

Firefighters

40-5/4-135, 40-5/6-213

 

General assembly members

40-5/2-154

 

House of correction employees

40-5/19-117

 

Judges

40-5/18-161

 

Municipal employees

40-5/7-217(a), 40-5/8-224

 

Park employees

40-5/12-190

 

Police officers

40-5/3-144.1, 40-5/5-218

 

Public employees

735-5/12-1006

 

Public library employees

40-5/19-218

 

Sanitation district employees

40-5/13-808

 

State employees

40-5/14-147

 

State university employees

40-5/15-185

 

Teachers

40-5/16-190, 40-5/17-151

PUBLIC BENEFITS

Aid to aged, blind, disabled, AFDC

305-5/11-3

 

Crime victims’ compensation

735-5/12-1001(h)(1)

 

Restitution payments on account of WWII relocation of Aleuts and Japanese Americans

735-5/12-1001(12)(h)(5)

 

Social security

735-5/12-1001(g)(1)

 

Unemployment compensation

735-5/12-1001(g)(1), (3)

 

Veterans’ benefits

735-5/12-1001(g)(2)

 

Workers’ compensation

820-305/21

 

Workers’ occupational disease compensation

820-310/21

TOOLS OF TRADE

Implements, books and tools of trade to $750

735-5/12-1001(d)

WAGES

Minimum 85% of earned but unpaid wages; bankruptcy judge may authorize more for low-income debtors

740-170/4

WILD CARD

$2,000 of any personal property

735-5/12-1001(b)

 

Includes wages

In re Johnson,

57 B.R. 635 (N.D. ILL 1986)