WI Bankruptcy Exemptions
FEDERAL BANKRUPTCY EXEMPTIONS ARE AVAILABLE All Bankruptcy law references are to Wisconsin Code unless noted. |
ASSET |
EXEMPTION |
LAW PROVISION |
HOMESTEAD
|
Property you occupy or intend to occupy to $75,000; sale proceeds exempt for 2 years from sale if you plan to obtain another home ( husband and wife may not double) |
815.20 |
INSURANCE |
Federal disability insurance
Fire proceeds for destroyed exempt property for 2 years from receiving
Fraternal benefit society benefits
Life insurance policy or proceeds to $5000, if beneficiary is a married woman
Life insurance proceeds held in trust by insurer, if clause prohibits proceeds from being used to pay beneficiarys creditors
Life insurance proceeds if beneficiary was dependent of insured, needed for support
Unmatured life insurance contract, except credit insurance contract, owned by debtor & insuring debtor, dependent of debtor or someone debtor is dependent on
Unmatured life insurance contracts accrued dividends, interest or loan value (to $150,000 total in all contracts), if debtor owns contract & insured is debtor, dependent of debtor or someone debtor is dependent on |
815.18(3) (ds)
815.18(3) (e)
614.96
766.09
632.42
815.18(3) (I) (a)
815.18(3) (f)
815.18(3) (f) |
MISC. |
Alimony, child support needed for support
Property of business partnership |
815.18(3) ( c)
178.21 |
PENSIONS |
Certain municipal employees
Firefighters, police officers who worked in city with population over 150,000
Military pensions
Private or public retirement benefits
Public employees |
66.81
815.18(3) (ef)
815.18(3) (n)
815.18(3) (j)
40.08(1) |
PERSONAL PROPERTY |
Burial provisions
Deposit accounts to $1000
Household goods and furnishings, clothing, keepsakes, jewelry, appliances, books, musical instruments, firearms, sporting goods, animals and other tangible property held for personal, family or household use to $12,000 total
Lost future earnings recoveries, needed for support
Motor vehicles to $4000 (plus unused portion of household furnishing exemption)
Personal injury recoveries to $25,000
Tenant’s lease or stock interest in housing co-op, to homestead amount
Wages used to purchase savings bonds
Wrongful death recoveries, needed for support |
815.18(3) (a)
815.18(3) (k)
815.18(3) (d)
815.18(3) (I) (d)
815.18(3) (g)
815.18(3) (I) (c)
182.004(6)
20.921(1) (e)
815.18(3) (I) (b) |
PUBLIC BENEFITS |
Crime victims’ compensation
Social Service payments
Unemployment compensation
Veterans benefits
Workers’ compensation |
949.07
49.41
108.13
45.35(8) (b)
102.27 |
TOOLS OF TRADE |
Equipment, inventory, farm products, books and tools of trade to $15,000 total |
815.18(3) (b) |
WAGES |
75% of earned but unpaid wages; bankruptcy judge may authorize more for low-income debtors |
815.18(3) (h) |
WILD CARD |
None |
|
WI Bankruptcy Courts
See the list below for Bankruptcy Courts by District. Click on the District link to go directly to that Bankruptcy Court's web site.
BANKRUPTCY COURTS |
NUMBER OF COPIES |
Eastern District
Milwaukee Division
126 Federal Building
517 East Wisconsin Avenue, Ste. 126
Milwaukee, WI 53202
Telephone: (414) 297-3291
|
contact clerks office |
Western District
Madison Division
P.O. Box 548
120 N. Henry Street, Rm. 340
Madison, WI 53701
Telephone: (608) 264-5178
Eau Claire Division
P.O. Box 5009 (54702)
500 South Barstow Street
Eau Claire, WI 54701
Telephone: (715) 839-2980
|
contact clerks office
|
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