Wisconsin Bankruptcy Exemptions

    
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              A detailed listing of state and federal exemption laws, with statutory citations.            

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Wisconsin Exemptions Summary:HomesteadProperty 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 exemption may double) 
Vehicle ExemptionMotor vehicles to $5,000 (husband & wife may double; unused portion of $12,000 personal property exemption may be added)
Personal PropertyHousehold 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)
Deposit accounts to $5,000 
Equipment, inventory, farm products, books, and tools of trade to $15,000 total.
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by
		Albin Renauer
	
Albin Renauer has spent his career making consumer law information free and accessible to everyone. In the 1990s Albin worked with Nolo Press to invent WillMaker and LivingTrustMaker and ran Nolo website back in the DotCom era of Y2K.  In 2006, Albin launched LegalConsumer.com and the free Bankruptcy Means Test Calculator. Millions of consumers have used these FREE tools and information to learn about their rights under bankruptcy law.  For more than 30 years, Albin co-authored 22 editions of Nolo's bestselling guide How to File for Chapter 7 Bankruptcy from 1989 to 2023. Albin is currently exploring ways that AI can increase consumers' access to justice.

          Eldorado, WI Bankruptcy Home 
        
Jurisdictional relevance: STThere are versions of this article for each State.

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Filing Bankruptcy In Eldorado, WIStep by step instructions on how to file in Wisconsin.
Wisconsin Homestead ExemptionHow much of your home equity is protected if you file for bankruptcy in Wisconsin?
Should Bankruptcy Be Part of Your 2023 Post-COVID-19-Forbearance Financial Plan?Consumer bankruptcy filing reached a 34-year low in 2020. It remained low in 2021 and 2022 because forbearance and stimulus programs prevented regular collection efforts, like wage garnishment and foreclosure, which usually prompt people to recognize how dire their situation is — prompting them to file. Will 2023 be the year you need bankruptcy to help protect your assets like your IRA and your home? Whether or not you're ready to file, the time to start asset protection planning with a bankruptcy attorney IS NOW, to avoid common mistakes, like giving away assets you would be entitled to keep in bankruptcy in the year to 18 months before filing.

Eldorado, WI Bankruptcy ResourcesFond Du Lac County Bankruptcy Means Test CalculatorAutomatically apply the Fond Du Lac County expense standards, and Wisconsin income standards to your means test calculation.
Fond Du Lac County Bankruptcy CourtFind where to file if you live in Fond Du Lac County.
Wisconsin Bankruptcy Exemption LawsWhat property you can keep under Wisconsin and federal exemption laws.
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