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Illinois Bankruptcy Resources

Illinois Bankruptcy Resources

Illinois Bankruptcy Resources

The following list of Illinois Bankruptcy Resources is to assist you in compiling the necessary information you will need to file bankruptcy as well as some very informative resources where you can lean more about Illinois Bankruptcy.

Credit Report

The only place we recommend you get your credit report from

Credit Counseling

Pursuant to the new bankruptcy laws enacted in 2005, individuals who file personal bankruptcy (with limited exceptions) in Illinois must:

1. take a credit counseling course from an approved Illinois credit counseling provider within six months before filing bankruptcy; and

2. complete a debtor education course from an approved Illinois debtor education agency prior to receiving a bankruptcy discharge.

My favorites are:

House Values

Real Estate Taxes (The Treasurer’s office deals with property taxes until they have been sold.  After the sale date the Clerk’s office is responsible)
(Kane County, IL, DuPage County, IL, Will County, IL, Kendall County, IL)

  • Contact information for all Collar County Treasurers, including links to web sites with tax payment status.
  •  Contact information for all Collar County Clerks.

Car Values

Purchasing A New Car (either before or after bankruptcy)
General Asset Values

Chapter 13 – Glenn Stearns – Trustee
General information for individuals from the Trustee himself regarding Chapter 13 in the following counties: Kane County, IL, DuPage County, IL, Kendall County, IL, Will County, IL, LaSalle County, IL, Lake County, IL

 Illinois Exemptions (What assets can I keep)

For Illinois bankruptcy filings, state exemptions are used. Click the following links for some common bankruptcy exemptions under Illinois Code: homestead exemptionpersonal property. Contact an Illinois bankruptcy lawyer for more information regarding Illinois bankruptcy exemptions.

 Illinois Means Test (Who is eligible to file bankruptcy in Illinois)

The new bankruptcy laws enacted in 2005 also require that debtors pass a means test before filing a Chapter 7 bankruptcy. There are three ways to pass the means test:

1. The debtor’s annual income (calculated using the average gross income for the six month period prior to filing) must be below the state median. Census Bureau statistics for state median income by family size can be found here (for cases filed on or after May 1, 2012).

2. If income exceeds the median income, individuals may still file Chapter 7 bankruptcy based on results of Form 22A: Chapter 7 Statement of Current Monthly Income and Means-Test Calculation.

3. If your debts are  primarily business related then you do not even have to take or pass the means test.

Remember, the means test calculations are complicated and vary widely by location, trustee and judge.

Read more about who is eligible to file bankruptcy in Illinois.


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