Wisconsin Bankruptcy Exemptions

On this page you can find all of the exemptions for Wisconsin. Exemptions are the property that you can keep when you file bankruptcy.

CATEGORY
PROPERTY
AMOUNT
STATUTE
Homestead
Homestead occupied by resident owner(includes proceeds from sale of homestead held with intent to procure another homestead for 2 years)
$75,000 NOTE - includes dwelling (including condominium, mobile home, house trailer or co-op.) and up to 40 acres of land. See Wis. Stat. §990.01(14).
Wis. Stat. § 815.20
Motor Vehicle
Motor vehicles
$4,000 plus unused portion of exemption for household goods, etc.
Wis. Stat. § 815.18(3)(g)
Wages / Wage Garnishment
Net income per week
The greater of 75% or 30 times the greater of the state or federal minimum wage, (limited to amount reasonably necessary to support debtor and dependents)
Wis. Stat. §815.18(3)(h)
Insurance
Debtor's aggregate interest in accrued dividends, interest or loan value of all unmatured life insurance contracts owned by debtor and insuring the debtor, a dependent, or an individual of whom the debtor is a dependent
$150,000 ($4,000 for contracts issued within 24 months of bankruptcy)
Wis. Stat. § 815.18(3)(f)
Insurance
Unmatured life insurance contracts insuring and owned by debtor, except credit life contracts
100%
Wis. Stat. § 815.18(3)(f)
Insurance
Fire and casualty insurance proceeds on exempt property for two years after receipt
100%
Wis. Stat. §815.18(3)(e)
Insurance
Federal disability insurance benefits
100%
Wis. Stat. § 815.18(3)(ds)
Insurance
Fraternal Benefit Society benefits
100%
Wis. Stat. § 614.96
Insurance
Life insurance, personal injury and wrongful death claims, and property traceable thereto
($50,000 limit on certain personal injury claims) Amount reasonably necessary for support of debtor & dependents
Wis. Stat. § 815.18(3)(i)
Personal Property
Tenant's interest in housing co-op
$40,000
Wis. Stat. §§ 182.004(6) & 815.20(1)
Personal Property
Personal depository accounts (business accounts are not exempt)
$5,000
Wis. Stat. § 815.18(3)(k)
Personal Property
Household goods & furnishings, wearing apparel, keepsakes, jewelry & articles of adornment, appliances, books, musical instruments, firearms, sporting goods, animals, and other personally held primarily for the personal, family or household use of the debtor or a dependent
$12,000
Wis. Stat. § 815.18(3)(d)
Personal Property
Cemetery lots, tombstones, coffins& other articles of burial intended for burial of debtor or debtor's family
100%
Wis. Stat. § 815.18(3)(a)
Personal Property
Salary used to purchase exempt bonds
10% of salary
Wis. Stat. § 20.921(1)(e)
Pensions / Retirement Accounts
Public employees' retirement benefits
100%
Wis. Stat. § 40.08
Pensions / Retirement Accounts
City employee retirement benefits
100%
Wis. Stat. § 62.63(4)
Pensions / Retirement Accounts
Public employees' retirement benefits
100%
Wis. Stat. §§ 40.08(1), 40.22(1)(a)
Pensions / Retirement Accounts
War pensions
100%
Wis. Stat. § 815.18(3)(n)
Pensions / Retirement Accounts
Assets and benefits of retirement, pension, disability, death benefits, stock bonus, profit sharing, annuity, individual retirement accounts, or similar plans
100% (except support claims) NOTE- plans must qualify under I.R.C. or meet other qualifications
Wis. Stat. §815.18(3)(j)
Pensions / Retirement Accounts
Traditional, SIMPLE, or Roth IRA
$1,171,650
USC § 522(n)
Pensions / Retirement Accounts
Fire and police pension fund benefits payable on account of service in Wisconsin city of more than 100,000 population
100%
Wis. Stat. § 815.18(3)(ef)
Pensions / Retirement Accounts
Education IRA
$5,850
USC § 541(b)(5)(c)
Tools of the Trade
Shotgun, uniforms of national guard
100%
Wis. Stat. § 815.18
Tools of the Trade
Equipment, inventory, farm products, and professional books used in business of debtor or dependent
$15,000
Wis. Stat. § 815.18(3)(b)
Public Benefits
Crime victims awards
100%
Wis. Stat. § 949.07
Public Benefits
Aid to families with dependent children and social services benefits
100%
Wis. Stat. § 49.96
Public Benefits
Unemployment compensation benefits
100% (except child support)
Wis. Stat. § 108.13
Public Benefits
Workmen's compensation benefits
100%
Wis. Stat. § 102.27
Public Benefits
Veterans' benefits
100%
Wis. Stat. § 45.03(8)(b)
Miscellaneous
State aid to county fairs and agricultural societies
100%
Wis. Stat. § 815.18(3)(df)
Miscellaneous
Consumer credit transactions
See statute for particulars
Wis. Stat. §§ 425.106 & 425.301
Miscellaneous
Specific partnership property
100% of partner's interest
Wis. Stat. § 178.21
Miscellaneous
Alimony, child support, family support, or maintenance payments
Amount reasonably necessary for support of debtor and dependents
Wis. Stat. §815.18(3)(c)
Miscellaneous
Private property of county, town, city, village, etc.
100%
Wis. Stat. § 815.18(3)(m)
Miscellaneous
Fire engines and equipment
100%
Wis. Stat. § 815.18(3)(em)
Tuition Savings Account
Pre-purchased tuition credits
$5,850
USC § 541(b)(6)(c)
Tuition Savings Account
College savings accounts
100% of qualified amounts
Wis. Stat. §§ 815.18(3)(p) & 16.641(7)
Tuition Savings Account
Tuition units
100% of qualified units
Wis. Stat. §§ 815.18(3)(o) & 16.64(8)

If you want to learn more about filing bankruptcy in Wisconsin please visit our FAQ Page or for more information about Wisconsin you can visit the Wisconsin section.