Insurance Exemptions — State System
Illinois State Law Insurance Exemptions
Federal Non-Bankruptcy Insurance Exemptions
(available if using State System of exemptions)
Federal System § 522(d) — Insurance Exemptions
Can Illinois debtors use the Federal Bankruptcy exemptions instead of Illinois exemptions?
No. 735 Ill. Comp. Stat. § 5/12-1201
The Federal Bankruptcy Exemptions under 11 U.S.C. § 522(d) are available to you if
- you haven't lived in any state longer than 180 days for a while,
- or
- if your state allows the Federal exemptions as a choice.