Illinois Bankruptcy Exemptions

Residence or homestead of individual. Includes farm, lot + buildings, condominium, personal property or cooperative. Can be owned or leased.

$15,000 per person (includes proceeds of sale for 1 year under 735 ILCS 5/12-906)

735 Ill. Comp. Stat. § 5/12-901 & 902

One motor vehicle

$2,400

735 Ill. Comp. Stat. § 5/12-1001(c)

Any personal property of debtor

$4,000

735 Ill. Comp. Stat. § 5/12-1001(b)

Gross earnings or disposable earnings (disposable earnings are gross earnings less deductions required by law)

85% of gross earnings, OR disposable earnings equal to 45 times the federal minimum hourly wage per week, WHICHEVER IS GREATER

735 Ill. Comp. Stat. § 5/12-803

Debtor's right to receive restitution under Federal Civil Liberties Act of 1988 or the Aleutian and Pribilof Island Restitution Act

100%

735 Ill. Comp. Stat. § 5/12-1001(h)(5)

Medical malpractice awards

100%

735 Ill. Comp. Stat. §5/2-1716

Fraternal Benefit Society benefits

100%

215 Ill. Comp. Stat. §5/299.la

Proceeds & cash value of life or endowment insurance policy or annuity contract payable to insured's spouse or dependent

100% (applies against creditors of insured)

215 Ill. Comp. Stat. §5/238

Life insurance payments from policy insuring person of whom debtor was a dependent

Amount reasonably necessary to support debtor and dependents

735 Ill. Comp. Stat. § 5/12-1001(h)(3)

Proceeds and cash value of life insurance policies and annuity contracts payable to dependent of insured or trust for benefit of wife, husband, or dependents of insured

100%

735 Ill. Comp. Stat. § 5/12-1001(f)

Title certificate for a boat longer than 12 ft.

100%

625 Ill. Comp. Stat. § 45/3A-7(d)

Payments on account of bodily injury of debtor or person of whom debtor was a dependent

$15,000

735 Ill. Comp. Stat. § 5/12-1001(h)(4)

Wrongful death payments resulting from death of person of whom debtor was a dependent

Amount reasonably necessary to support debtor and dependents

735 Ill. Comp. Stat. § 5/12-1001(h)(2)

Necessary wearing apparel, bible, school books, family pictures and prescribed health aids of debtor & dependents

100%

735 Ill. Comp. Stat. § 5/12-1001 (a), (e)

Laborer and retirement board employee retirement fund

100%

40 Ill. Comp. Stat. §5/11-223

Benefits and refunds payable by pension or retirement funds or systems and assets of employees held by such funds or systems and payments made to such funds or systems

100%

735 Ill. Comp. Stat. § 5/12-704

Pension and retirement benefits of the following: firemen, house of correction employees, library employees, municipal employees, park employees, policemen, sanitary district employees, state employees, teachers

100%

40 Ill. Comp. Stat. § 5/22-230,4-135, 6-213, 19-117,19-218, 8-244, 7-217, 12-190,3-144.1,5-218, 13-805, 14-147, 16-190,17-151

Debtor's interest in a retirement plan qualified under the Internal Revenue Code or a public employee pension plan

100%

735 Ill. Comp. Stat. § 5/12-1006

State university employee retirement fund

100%

40 Ill. Comp. Stat. §5/15-185,5/2-154

Judges' state retirement benefits

100%

40 Ill. Comp. Stat. §5/18-161

Uniforms, arms of a member of the national guard

100%

20 Ill. Comp. Stat. § 1805/10

Implements, books & tools of trade

$1,500

735 Ill. Comp. Stat. § 5/12-1001(d)

Unemployment compensation benefits

100% (support claims excepted)

820 Ill. Comp. Stat. § 405/1300(B)

Workmen's compensation benefits

100%

820 Ill. Comp. Stat. § 305/21

Crime victim's reparation law awards and crime victims awards

100%

735 Ill. Comp. Stat. § 5/12-1001(h)(l), (i)

Social Security benefits, unemployment compensation benefits, public assistance benefits, veteran's benefits, and disability and illness benefits

100%

735 Ill. Comp. Stat. § 5/12-1001(g)(l),(2), (3)

Awards for occupational diseases

100%

820 Ill. Comp. Stat. §310/21

Awards for occupational diseases

100%

820 Ill. Comp. Stat. §310/21

Social Services benefits

100%

305 Ill. Comp. Stat. § 5/11-3

Property held in trust for debtor

100%

735 Ill. Comp. Stat. § 5/2-1403

Specific partnership property

100% of partner's interest

805 Ill. Comp. Stat. § 206/501

Restitution payments made under 50 U.S.C. App. 1989b, 1989c

100%

735 Ill. Comp. Stat. § 5/12-1001 (g)(5)

Alimony, support or separate maintenance

Amount reasonably necessary to support debtor & dependents

735 Ill. Comp. Stat. § 5/12-1001 (g)(4)

Moneys held in Illinois College Savings Pool

100%

15 Ill. Comp. Stat. §505/16.5 & 735ILCS § 5/12-1001(j)