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if you fie a chpater 7 bankruptcy pensions and IRA accountsw are exempt from collections, if your pension is paying you money now that income will be used to calculate your income.
these are what are exempt in ILL
Fraternal benefit society benefits
Health or disability benefits
Homeowners' proceeds if home destroyed, to $7,500
Life insurance, annuity proceeds or cash value if beneficiary is insured's child, parent, spouse or other dependent
Life insurance policy if beneficiary is insured's spouse or chil
Life insurance proceeds if clause prohibits from being used to pay beneficiary's creditors
Life insurance proceeds needed for support
Alimony, child support needed for support
Property of business partnership
Civil service employees
Disabled firefighters; widows and children fo firefighters
General assembly members
House of correction employees
Public library employees
Sanitation district employees
State university employees
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