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Category: Bankruptcy Law
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IL 735-5/12-1001(b) states Wildcard - Any personal property

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IL 735-5/12-1001(b)
states "Wildcard - Any personal property except wages: up to $4,000 total."
Is this $4,000 or $8,000 for Joint filers in state of Illinois?

IL 735-5/12-1001(c)
states "Motor vehicle: up to $2,400."
Does this double with joint filers? Does it allow two cars with joint filers?
Each spouse may claim the exemptions in Illinois, effectively doubling their value for joint bankruptcy filers. See In re Tucker, 430 B.R. 499 (Bankr. N.D. Ill. 2010).

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