§ 5/12-1201 Bankruptcy exemption

Codes > Illinois Compiled Statutes > Chapter 735 > Act 5 : Article XII > Part 12 : 5/12-1201 Bankruptcy

§ 12-1201. Bankruptcy exemption.

    In accordance with the provision of Section 522(b) of the Bankruptcy Code of 1978, (11 U.S.C. 522(b)), residents of this State shall be prohibited from using the federal exemptions provided in Section 522(d) of the Bankruptcy Code of 1978 (11 U.S.C. 522(d)), except as may otherwise be permitted under the laws of Illinois.