Wisconsin Bankruptcy Exemptions

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Jeffrey Johnson is a legal writer with a focus on personal injury. He has worked on personal injury and sovereign immunity litigation in addition to experience in family, estate, and criminal law. He earned a J.D. from the University of Baltimore and has worked in legal offices and non-profits in Maryland, Texas, and North Carolina. He has also earned an MFA in screenwriting from Chapman Univer...

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UPDATED: Nov 16, 2020

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Assets Exemption State Statutes
Homestead Property 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 may double). Wis. Stat. Ann. § 815.20 
Insurance Federal disability insurance benefits.  Wis. Stat. Ann. § 815.18 (3)
  Fraternal benefit society benefits. Wis. Stat. Ann. § 614.96
  Life insurance proceeds for someone debtor depended on, needed for support. Wis. Stat. Ann. § 815.18 (3)(i)(a)
  Unmatured life insurance contract (except credit insurance contract) if debtor owns contract & insured is debtor or dependent, or someone debtor is dependent on. Wis. Stat. Ann. § 815.18 (3)(f)
  Unmatured life insurance contract’s accrued dividends, interest, or loan value to $4,000 total, if debtor owns contract & insured is debtor or dependent, or someone debtor is dependent on. Wis. Stat. Ann. § 815.18 (3)(f)
Misc. Alimony, child support needed for support.  Wis. Stat. Ann. § 815.18 (3)(c)
  Property of business partnership. Wis. Stat. Ann. § 178.21 (3)(c)
Pensions & Retirement Savings Certain municipal employees. Wis. Stat. Ann. § 62.63 (4)
  Firefighters, police officers who worked in city with population over 100,000. Wis. Stat. Ann. § 815.18 (3)
  Military pensions. Wis. Stat. Ann. § 815.18 (3)(n)
  Private or public retirement or disability benefits, including IRAs and KEOGHs, 401(k), subject to many exceptions & limitations. Wis. Stat. Ann. § 815.18 (3)(j)
  Public employees. Wis. Stat. Ann. § 40.08 (1)
Personal Property Burial plot, tombstone, coffin (husband & wife may double). Wis. Stat. Ann. § 815.18 (3)(a)
  College savings account or tuition trust fund. Wis. Stat. Ann. § 14.63 (8)
Wis. Stat. Ann. § 14.64 (7)
  Fire & casualty proceeds for destroyed exempt property for 2 years from receiving. Wis. Stat. Ann. § 815.18 (3)(e)
  Lost future earnings recoveries, needed for support. Wis. Stat. Ann. § 815.18 (3)(i)(d)
  Tenant’s lease or stock interest in housing co-op, to homestead amount. Wis. Stat. Ann. § 182.004 (6)
  Wages used to purchase savings bonds. Wis. Stat. Ann. § 20.921 (1)(e)
  Wrongful death recoveries, needed for support. Wis. Stat. Ann. § 815.18 (3)(i)(b)
  Household 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). Wis. Stat. Ann. § 815.18 (3)(d)
  Motor vehicles to $4,000 (husband & wife may double; unused portion of $12,000 personal property exemption may be added). Wis. Stat. Ann. § 815.18 (3)(g)
  Personal injury recoveries to $50,000. Wis. Stat. Ann. § 815.18 (3)(i)(c)
  Deposit accounts to $5,000. Wis. Stat. Ann. § 815.18 (3)(k)
Public Benefit Crime victims’ compensation needed for support. Wis. Stat. Ann. § 949.07
  Social services payments. Wis. Stat. Ann. § 49.96
  Unemployment compensation. Wis. Stat. Ann. § 108.13
  Veterans’ benefits under 45.03(8)(b). Wis. Stat. Ann. § 45.03 (8)(b)
Wis. Stat. Ann. § 815.18 (13)(k)
  Workers’ compensation. Wis. Stat. Ann. § 102.27
Tools of Your Trade Equipment, inventory, farm products, books, and tools of trade to $15,000 total. Wis. Stat. Ann. § 815.18 (3)(b)
Wages 75% of weekly net income or 30 times the greater of the federal or state minimum hourly wage; bankruptcy judge may authorize more for low-income debtors. Wis. Stat. Ann. § 815.18 (3)(h)
  Wages of county jail prisoners. Wis. Stat. Ann. § 303.08 (3)
  Wages of county work camp prisoners. Wis. Stat. Ann. § 303.10
  Wages of inmates under work-release plan. Wis. Stat. Ann. § 303.065 (4)(b)
Wildcard None listed.  

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