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  • Printable Creditor Matrix Form For Northern District Of Illinois

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UNITED STATES BANKRUPTCY COURT Northern District of Illinois February 5, 2003 Revised October 27, 2003 Revised February 10, 2009 SPECIAL REQUIREMENTS FOR MAILING MATRIX TO THE DEBTOR(S) AND THE ATTORNEY.

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Most tax-exempt pensions and retirement accounts receive protection under Illinois law, allowing individuals to retain these accounts during bankruptcy. This safeguard includes various accounts such as 401(K)s, 403(b)s, profit-sharing and money purchase plans, SEP and SIMPLE IRAs, and traditional and Roth IRAs.

If you own your house outright or have substantial equity (more than $15,000 for an individual filer or $30,000 for a married couple), you risk liquidation of your home if you file Chapter 7.

Chapter 7 bankruptcy to discharge your debts: Generally 90 days from start to finish. The usual bankruptcy takes about two weeks to prepare (emergency cases can be prepared and filed in as little as a day).

The filing fee for Chapter 7 is $335, and the cost for filing Chapter 13 is $310. DebtStoppers is the only firm in Illinois that will advance the court your Chapter 7 filing fee, allowing you to get the relief you need at no upfront cost to you.

What you need to know. Many people think they have to give up everything they own when they file for bankruptcy, but Chapter 13 doesn't require you to give up a thing! In Illinois the law allows you to keep everything you own while paying back some of what you owe over a three-to-five-year period.

Illinois law also gives each individual the right to exempt up to $4,000 in equity for any other personal property, including cash or money in the bank.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
Content Takedown Policy
Bug Bounty Program
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
+1 833 426 79 33
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232