Wisconsin Bankruptcy Exemptions
Homestead
815.20 - $40,000. Sale proceed exempt for 2 years after sale provided you
intend to acquire another home.
Personal Property
14.64 - College savings account or tuition trust fund.
20.921 - Wages used to purchase savings bonds.
182.004 - Tenant's stock or lease interest in co-op housing up to homestead
amount.
815.18 - Automobile up to $1,200 (plus any of the $5,000 personal property
exemption that is unused); household goods and furnishings; wearing apparel,
keepsakes, jewelry, appliances, books, musical instruments, firearms,
sporting goods, animals or other items for family use up to $5,000 total;
burial plot, monument, tombstone, etc.; and bank deposits up to $1,000;
wrongful death proceeds needed for support; personal injuries recoveries up
to $25,000; fire and casualty proceeds for destroyed property that is exempt
for 2 years of receipt; lost future earnings recoveries needed for support.
Wages
303.065 - Wages of inmates who are under a work-release plan.
303.08 - County jail prisoners' wages.
303.10 - County work camp prisoners' wages.
815.18 - 75% of net wages, and no less that 30 times the state or federal
minimum wage, whichever is greater. Judge may approve more for low-income
debtors.
Pensions
11 U.S.C. § 522 - Tax exempt retirement accounts; Traditional and Roth IRAs
up to $1,095,000 per person.
40.08 - Public employees.
62.63 - Certain municipal employees.
815.18 - Police officers and firefighters who work in a city greater than
100,000 people; military pensions; and public and private retirement
benefits.
Public Benefits
45.03 - Veterans' benefits.
108.13 - Unemployment compensation.
49.46 - Social service payments.
949.07 - Crime victims' compensation.
102.27 - Workers' compensation.
Tools of Trade
815.18 - Equipment, inventory, farm products, and professional books used in
the business of the debtor or a dependent, up to $7,500.
Alimony and Child Support
815.18 - Alimony and child support needed for support.
Insurance
614.96 - Fraternal benefit society benefits.
632.42 - Life insurance proceeds if policy prohibits use to pay creditors.
815.18 - Unmatured life insurance contracts up to $4,000 in value in accrued
dividends, interest or loan value (except for credit life contracts) if
owned by debtor and insuring debtor, dependent, or person debtor is
dependent upon; federal disability benefits; life insurance proceeds if
debtor was dependent upon insured, to extent necessary to support debtor or
family.
Miscellaneous
178.21 - Business partnership property.