If you considering filing for bankruptcy be sure you know the full extent of property exemptions you are entitled to. Illinois allows exemptions for many areas to help those filing for bankruptcy to get back on their feet again. Some of the exemptions include: the home you live in, insurance proceeds, child support, alimony payments, many pensions, money paid to pre-paid tuition trust funds, car up to $2,400, social security benefits, veteran’s benefits, tools and books used for your trade, and many, many more. Be sure to consult with a bankruptcy professional so you can protect your rights and your property. Contact us if you have more questions about bankruptcy law or your property rights.
Illinois Bankruptcy Exempt Properties
