One of the biggest fears people have about filing bankruptcy is losing everything they own. According to the federal court system’s official resource, the Bankruptcy Code allows individual debtors to protect certain property from creditors because it is exempt under federal or state law.
Illinois takes that protection seriously, recently expanding those protections in 2026 for the first time in decades. If you’re considering filing for bankruptcy, a DuPage County, IL bankruptcy lawyer can walk you through exactly where you stand.