The Illinois "Motor Vehicle Exemption" (735 ILCS 5/12-1001(b) provides certain protections to a Chapter 7 debtor that owns a vehicle.  The Motor Vehicle Exemption allows the Chapter 7 debtor to exempt from liquidation a vehicle, if owned outright, that does not exceed $2,400.00 in value.  If there is a loan on the vehicle that is encumbered by a valid lien interest, the Motor Vehicle Exemption can be used to exempt up to $2,400.00 of the equity in the vehicle.