IN RE ASHLEY

No. 04-80979.

317 B.R. 352 (2004)

In re Mary B. ASHLEY, Debtor.

United States Bankruptcy Court, CD. Illinois.

October 6, 2004.


Attorney(s) appearing for the Case

Charles E. Covey, Peoria, IL, for Debtor.


OPINION

THOMAS L. PERKINS, Bankruptcy Judge.

A debtor's ability to exempt certain property from the claims of creditors is one of the most important features of the fresh start that bankruptcy relief provides. Illinois debtors must use the exemptions provided by Illinois law, which, as a rule, are clear and provide fixed, limited value amounts for the various categories of exemptible property. The exemption for life insurance proceeds is an exception...

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