HB 5480

  • Illinois House Bill
  • 100th Regular Session
  • Introduced in House
  • House
  • Senate
  • Governor

Civ Pro-Debtor Protection

Abstract

Amends the Code of Civil Procedure. Provides that the debtor's interest, not to exceed $10,000 (instead of $2,400) in value, in any one motor vehicle is exempt from judgment, attachment, or distress for rent. Provides that the debtor's equity interest, not to exceed $7,500 (instead of $1,500) in value, in any implements, professional books, or tools of the trade of the debtor is exempt from judgment, attachment, or distress for rent. Provides that the debtor's equity interest, not to exceed $50,000 (instead of $4,000) in value, in any other property is exempt from judgment, attachment, or distress for rent. Provides that in each checking or savings account held by the debtor, an amount not to exceed $4,000, until: (1) a hearing has been held; and (2) the debtor has been given a reasonable opportunity to indicate to which personal property he or she seeks to apply the exemption for other property, at which time the debtor may protect up to $4,000 of equity in any personal property, and the funds in a checking or savings account will either remain protected or be subject to garnishment. Provides that upon receiving a citation to discover assets, a financial institution shall not freeze the debtor's access or turn over to the judgment creditor the amount in the debtor's account that is $4,000 or less, but shall inform the court and the judgment creditor of the exempt amount. Effective immediately.

Bill Sponsors (1)

Votes


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Actions


Jan 08, 2019

House

Session Sine Die

Apr 13, 2018

House

Rule 19(a) / Re-referred to Rules Committee

Mar 23, 2018

House

To Civil Procedure Subcommittee

Mar 21, 2018

House

Assigned to Judiciary - Civil Committee

Mar 08, 2018

House

Chief Sponsor Changed to Rep. Christian L. Mitchell

Feb 16, 2018

House

Filed with the Clerk by Rep. Will Guzzardi

House

Referred to Rules Committee

House

First Reading

Bill Text

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