Illinois General Assembly - Bill Status for SB2527

Synopsis As Introduced
Amends the Code of Civil Procedure. Increases the allowable amount of an estate of homestead property used as a residence from $7,500 to $15,000 for an individual and from $15,000 to $30,000 for 2 or more individuals. In the Sections concerning exemptions from judgment, attachment, or distress for rent, increases the allowable amount of personal property owned by the debtor from $2,000 to $4,000, the debtor's equity interest in any one motor vehicle from $1,200 to $2,400, and the value of implements, professional books, or tools of the trade of the debtor from $750 to $1,500.

Actions

Date	Chamber	Action
2/3/2004	Senate	Filed with Secretary by Sen. Ira I. Silverstein
2/3/2004	Senate	First Reading
2/3/2004	Senate	Referred to Rules
1/11/2005	Senate	Session Sine Die

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