Wisconsin State Exemption List

State or Federal Exemptions Allowed

In the state of Wisconsin you may choose either the state of Wisconsin bankruptcy exemption list or the federal bankruptcy list. If you choose the Wisconsin bankruptcy list, there may be certain federal supplemental exemptions you can use too. All exemptions should be discussed with your Wisconsin Bankruptcy Attorney.

Wisconsin has created bankruptcy exemptions to allow you to maintain enough public benefits, wages, personal property and insurance to start over after filing bankruptcy in Wisconsin. There may be certain residency requirements to use the Wisconsin state exemption list.

The following table will outline the Wisconsin Bankruptcy Exemptions. Some of your property or assets may not have a matching exemption.

Exemptions Exemption Amount Statutes
Homestead Property you occupy or intend to occupy to $40,000; 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 beneficiary’s creditors

Life insurance proceeds if beneficiary was dependent of insured, needed for support

Non-matured life insurance contract, except credit insurance contract, owned by debtor & insuring debtor, dependent of debtor or someone debtor is dependent on

Non-matured life insurance contract’s accrued dividends, interest or loan value (to $4000 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)
Miscellaneous

Alimony, child support needed for support

Property of business partnership

815.18(3) ( c)

178.21
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
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 $5000 total

Lost future earnings recoveries, needed for support

Motor vehicles to $1200 (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)
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)
Tools of the Trade Equipment, inventory, farm products, books and tools of trade to $7500 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)
Wildcard None  
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