Wisconsin Bankruptcy Exemptions

Find the Right Lawyer for Your Legal Issue!

Fast, Free and Confidential

Find the Right Lawyer for Your Legal Issue!

Fast, Free and Confidential
AssetsExemptionState Statutes
     
Homestead Property you occupy or intend to occupy to $75,000; sale proceeds exempt for 2 years if you intend to purchase another home (husband & wife's may double). Wis. Stat. Ann. § 815.20 
     
Insurance Federal disability insurance benefits.  Wis. Stat. Ann. § 815.18 (3)
  Fraternal benefit society benefits. Wis. Stat. Ann. § 614.96
  Life insurance proceeds for someone debtor depended on, needed for support. Wis. Stat. Ann. § 815.18 (3)(i)(a)
  Unmatured life insurance contract (except credit insurance contract) if debtor owns contract & insured is debtor or dependent, or someone debtor is dependent on. Wis. Stat. Ann. § 815.18 (3)(f)
  Unmatured life insurance contract’s accrued dividends, interest, or loan value to $4,000 total, if debtor owns contract & insured is debtor or dependent, or someone debtor is dependent on. Wis. Stat. Ann. § 815.18 (3)(f)
     
Misc. Alimony, child support needed for support.  Wis. Stat. Ann. § 815.18 (3)(c)
Property of business partnership. Wis. Stat. Ann. § 178.21 (3)(c)
     
Pensions & Retirement Savings Certain municipal employees. Wis. Stat. Ann. § 62.63 (4)
Firefighters, police officers who worked in city with population over 100,000. Wis. Stat. Ann. § 815.18 (3)
Military pensions. Wis. Stat. Ann. § 815.18 (3)(n)
  Private or public retirement or disability benefits, including IRAs and KEOGHs, 401(k), subject to many exceptions & limitations. Wis. Stat. Ann. § 815.18 (3)(j)
  Public employees. Wis. Stat. Ann. § 40.08 (1)
     
Personal Property Burial plot, tombstone, coffin (husband & wife may double). Wis. Stat. Ann. § 815.18 (3)(a)
College savings account or tuition trust fund. Wis. Stat. Ann. § 14.63 (8)
Wis. Stat. Ann. § 14.64 (7)
Fire & casualty proceeds for destroyed exempt property for 2 years from receiving. Wis. Stat. Ann. § 815.18 (3)(e)
Lost future earnings recoveries, needed for support. Wis. Stat. Ann. § 815.18 (3)(i)(d)
Tenant’s lease or stock interest in housing co-op, to homestead amount. Wis. Stat. Ann. § 182.004 (6)
Wages used to purchase savings bonds. Wis. Stat. Ann. § 20.921 (1)(e)
  Wrongful death recoveries, needed for support. Wis. Stat. Ann. § 815.18 (3)(i)(b)
  Household goods and furnishings, clothing, keepsakes, jewelry, appliances, books, musical instruments, firearms, sporting goods, animals, and other tangible personal property to $12,000 total (husband & wife may double). Wis. Stat. Ann. § 815.18 (3)(d)
  Motor vehicles to $4,000 (husband & wife may double; unused portion of $12,000 personal property exemption may be added). Wis. Stat. Ann. § 815.18 (3)(g)
  Personal injury recoveries to $50,000. Wis. Stat. Ann. § 815.18 (3)(i)(c)
Deposit accounts to $5,000. Wis. Stat. Ann. § 815.18 (3)(k)
     
Public Benefit Crime victims’ compensation needed for support. Wis. Stat. Ann. § 949.07
  Social services payments. Wis. Stat. Ann. § 49.96
Unemployment compensation. Wis. Stat. Ann. § 108.13
  Veterans’ benefits under 45.03(8)(b). Wis. Stat. Ann. § 45.03 (8)(b)
Wis. Stat. Ann. § 815.18 (13)(k)
  Workers’ compensation. Wis. Stat. Ann. § 102.27
     
Tools of Your Trade Equipment, inventory, farm products, books, and tools of trade to $15,000 total. Wis. Stat. Ann. § 815.18 (3)(b)
     
Wages 75% of weekly net income or 30 times the greater of the federal or state minimum hourly wage; bankruptcy judge may authorize more for low-income debtors. Wis. Stat. Ann. § 815.18 (3)(h)
Wages of county jail prisoners. Wis. Stat. Ann. § 303.08 (3)
  Wages of county work camp prisoners. Wis. Stat. Ann. § 303.10
  Wages of inmates under work-release plan. Wis. Stat. Ann. § 303.065 (4)(b)
     
Wildcard None listed.

Resources:
Wisconsin Bankruptcy Attorneys

Find the Right Lawyer for Your Legal Issue!

Fast, Free and Confidential

Find the Right Lawyer for Your Legal Issue!

Fast, Free and Confidential