Bankruptcy in Illinois
Filing Bankruptcy in Illinois
Do you need to File Bankruptcy In Illinois?
If you are considering filing for bankruptcy in Illinois and are in the Chicagoland areas locating an experienced Chicago bankruptcy attorney will be detrimental in the way you file. Typically consumers go with either a chapter 7 or a chapter 13. Which is right for you will depend on your situation.
Ledford & Wu
Chicago Bankruptcy Attorneys
200 South Michigan Avenue, Suite 209
Chicago IL 60604
Chicago Law Office
Main Phone: 312-294-4400
www.ledfordwu.com
Northern District Courts
Eastern Division Office
219 S. Dearborn
Chicago, IL 60604
Tel (312) 435-5694
Western Division Office
211 S. Court Street
Rockford, IL 61101
Tel (815) 987-4350
Bankruptcy Education and Tutorials
Illinois tutorials
Forms
Bankruptcy Assistance Desk Chicago
Cook County Foreclosure Help
Filing without a lawyer- It is imperative everything involved in your bankruptcy is done by the book. Its highly recommended you attain an Illinois Bankruptcy lawyer to assist even though its not required by law.
Illinois County Bankruptcy Practices
Cook County
Dupage County
Kane County
Lake County
Will County
Central Illinois bankruptcy Information
Springfield
Clerk’s Office
2nd Floor Room 226
600 E. Monroe Street
Springfield, IL 62701
(217) 492-4551
Chambers
Honorable Mary P. Gorman
United States Bankruptcy Court
600 E. Monroe Street
Springfield, IL 62701
(217) 492-4566
CM/ECF Help Desk (217) 492-4114
or Toll Free 877-678-1714
Office Hours: 8am – 5pm
Clerk of Court: Pamela C. Sherry
Chief Deputy: Khadijia Thomas
Operations Manager: Gerald Miller
For Copywork Requests Only:
Fax: 217-492-4556
Email: Copywork_Spr@ilcb.uscourts.gov
Honorable Mary P. Gorman
United States Bankruptcy Court
600 E. Monroe Street
Springfield, IL 62701
(217) 492-4566
Central district
Educational
Filing without and attorney
Illinois Bankruptcy Exemptions
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)
Alimony, child support needed for support
735-5/12-1001(g)(4)
Property of business partnership
805-205/25
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
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)
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
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TOOLS OF TRADE
Implements, books and tools of trade to $750
735-5/12-1001(d)
Minimum 85% of earned but unpaid wages; bankruptcy judge may authorize more for low-income debtors
740-170/4
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 child
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)
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735-5/12-1001(b)
Includes wages
In re Johnson,
57 B.R. 635 (N.D. ILL 1986)
