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Citation To Discover Assets Form. This is a Illinois form and can be use in Clay Local County.
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Tags: Citation To Discover Assets, 47, Illinois Local County, Clay
CITATION NOTICE
Judgment Debtor's last known:
Judgment Creditor's Attorney/Judgment Creditor:
Name:
Address:
City
Phone
Judgment in the amount of $
Name of person receiving Citation:
NOTICE: The court has issued a citation against the person named above. The citation directs that person to
appear in court to be examined for the purpose of allowing the judgment creditor to discover income and assets
belonging to the judgment debtor or in which the judgment debtor has an interest. The citation was issued on the
basis of a judgment against the judgment debtor in favor of the judgment creditor in the amount stated above. On
or after the court date shown above, the court may compel the application of any discovered income or assets
toward payment on the judgment.
The amount of income or assets that may be applied toward the judgment is limited by federal and Illinois law.
THE JUDGMENT DEBTOR HAS THE RIGHT TO ASSERT STATUTORY EXEMPTIONS AGAINST CERTAIN INCOME
OR ASSETS OF THE JUDGMENT DEBTOR WHICH MAY NOT BE USED TO SATISFY THE JUDGMENT IN THE
AMOUNT STATED ABOVE:
(1)
(2)
(3)
(4)
(5)
(a)
Under Illinois or federal law, the exemptions of personal property owned by the debtor include the
debtor's equity interest, not to exceed $4,000 in value, in any personal property as chosen by the debtor.
(b) Social Security and SSI benefits.
(c) Public assistance benefits;
(d) Unemployment compensation benefits;
(e) Worker's compensation benefits;
(f) Veteran's benefits;
(g) Circuit breaker property tax relief benefits;
(h) The debtor's equity interest, not to exceed $2,400 in value, in any one motor vehicle; and
(i) The debtor's equity interest, not to exceed $1,500 in value, in any implements, professional books, or
tools of the trade of the debtor.
Under Illinois law, every person is entitled to an estate in homestead, when it is owned and occupied as a
residence, to the extent in value of $15,000, which homestead is exempt from judgment.
Under Illinois law, the amount of wages that may be applied toward a judgment is limited to the lesser of (i)
15% of gross weekly wages or (ii) the amount by which disposable earnings for a week exceed the total of 45
times the Federal minimum hourly wage, or under a wage deduction summons served on or after January 1,
2006, the Illinois minimum hourly wage, whichever is greater.
Under federal law, the amount of wages that may be applied toward a judgment is limited to the lesser of (i)
25% of disposable earnings for a week of (ii) the amount by which disposable earnings for a week exceed 30
times the federal minimum hourly wage.
Pension and retirement benefits and refunds may be claimed as exempt under Illinois law.
The judgment debtor may have other possible exemptions under the law.
THE JUDGMENT DEBTOR HAS THE RIGHT AT THE CITATION HEARING TO DECLARE EXEMPT CERTAIN
INCOME OR ASSETS OR BOTH. The judgment debtor also has the right to seek a declaration at an earlier date, by
notifying the clerk in writing at the office of the Clerk of the Circuit Court,
,
Illinois. When so notified, the Clerk of the Circuit Court will provide a hearing date and the necessary forms that
must be prepared by the judgment debtor or the judgment debtor's attorney and sent to the judgment creditor
regarding the time and location of the hearing. This Notice may be sent by regular First Class Mail.
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