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Illinois Bankruptcy Exemption
Homestead:
Residence of any individual owned or leased up to $ 7,500 which includes proceeds for sale for 1 year. Wages: The greater among 85 % of the gross earning or earnings equal to 45 times the federal minimum wage per week. Personal Asset: Any personal effects or property up to $ 2,000. Automobile: One motor vehicle up to the extent of $ 1,200. Professional Stuffs: Professional books and tools of trade up to the extent of $ 750. Payments on Physical Injury: $ 7,500 is exempted in case of the debtor or the person of whom the debtor was a dependent. Total or Absolute Exemptions for:
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