Illinois Bankruptcy Information
Are you considering filing for Chapter 7 or Chapter 13 bankruptcy in Illinois? Although much of bankruptcy is governed by federal law, some bankruptcy-related information and law is specific to your state.
Below you’ll find Illinois-specific information on filing for bankruptcy as well as articles on the various Illinois bankruptcy exemptions. And for in-depth information on bankruptcy law and procedures, visit Nolo’s Bankruptcy Center.
This comprehensive guide to filing for bankruptcy in Illinois explains the differences between Chapters 7 and 13, the debts you can discharge, the property you can retain under exemption laws, and more.
Illinois bankruptcy exemptions allow you to keep the property necessary for maintaining a home and a job. Prevent unexpected property losses by understanding how to apply exemptions.
The Illinois homestead exemption protects some home equity when you file for bankruptcy. Learn how to use the homestead exemption in Chapters 7 or 13 and whether you'd be at risk of losing your house in bankruptcy.
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