Wisconsin State Bankruptcy Exemptions
Laws That Keep Your Creditors' Hands Off Your Property
Exemptions are laws passed by every state that allow you to protect certain
types of your property from your creditors when you file bankruptcy-such as
your home, car, pensions and IRAs, motor vehicles, clothing, tools, and other
important property. Wisconsin law provides a number of exemptions that protect
your property, and your attorney will be able to advise you on which exemptions
are best for you.
Homestead
$40,000 homestead exemption.
Wages
75 percent of income or 30 times the greater of the state or federal minimum
wage.
Automobiles
$1,200 for one motor vehicle plus any unused portion of the household
goods exemption.
Other Property
Household goods and furnishings, clothing, keepsakes, jewelry and other articles
of personal adornment, appliances, books, musical instruments, firearms,
sporting goods, animals or other tangible personal property not to exceed $5,000
in aggregate value; $7,500 in equipment, inventory, farm products and
professional books used in a trade or business.
Note: Exemptions may have changed since our last update.
» Read the complete Wisconsin bankruptcy
exemptions here
» Click Here to read the Federal bankruptcy
exemptions.
» Back to Bankruptcy Laws In Your State