Wisconsin Bankruptcy Exemptions

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 vehicles

$4,000 plus unused portion of exemption for household goods, etc.

Wis. Stat. § 815.18(3)(g)

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)

Fraternal Benefit Society benefits

100%

Wis. Stat. § 614.96

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)

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)

Unmatured life insurance contracts insuring and owned by debtor, except credit life contracts

100%

Wis. Stat. § 815.18(3)(f)

Fire and casualty insurance proceeds on exempt property for two years after receipt

100%

Wis. Stat. §815.18(3)(e)

Federal disability insurance benefits

100%

Wis. Stat. § 815.18(3)(ds)

Cemetery lots, tombstones, coffins& other articles of burial intended for burial of debtor or debtor's family

100%

Wis. Stat. § 815.18(3)(a)

Salary used to purchase exempt bonds

10% of salary

Wis. Stat. § 20.921(1)(e)

Tenant's interest in housing co-op

$40,000

Wis. Stat. §§ 182.004(6) & 815.20(1)

Personal depository accounts (business accounts are not exempt)

$5,000

Wis. Stat. § 815.18(3)(k)

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)

Public employees' retirement benefits

100%

Wis. Stat. §§ 40.08(1), 40.22(1)(a)

War pensions

100%

Wis. Stat. § 815.18(3)(n)

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)

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)

Traditional, SIMPLE, or Roth IRA

$1,171,650

USC § 522(n)

Education IRA

$5,850

USC § 541(b)(5)(c)

Public employees' retirement benefits

100%

Wis. Stat. § 40.08

City employee retirement benefits

100%

Wis. Stat. § 62.63(4)

Shotgun, uniforms of national guard

100%

Wis. Stat. § 815.18

Equipment, inventory, farm products, and professional books used in business of debtor or dependent

$15,000

Wis. Stat. § 815.18(3)(b)

Crime victims awards

100%

Wis. Stat. § 949.07

Aid to families with dependent children and social services benefits

100%

Wis. Stat. § 49.96

Unemployment compensation benefits

100% (except child support)

Wis. Stat. § 108.13

Workmen's compensation benefits

100%

Wis. Stat. § 102.27

Veterans' benefits

100%

Wis. Stat. § 45.03(8)(b)

Fire engines and equipment

100%

Wis. Stat. § 815.18(3)(em)

State aid to county fairs and agricultural societies

100%

Wis. Stat. § 815.18(3)(df)

Consumer credit transactions

See statute for particulars

Wis. Stat. §§ 425.106 & 425.301

Specific partnership property

100% of partner's interest

Wis. Stat. § 178.21

Alimony, child support, family support, or maintenance payments

Amount reasonably necessary for support of debtor and dependents

Wis. Stat. §815.18(3)(c)

Private property of county, town, city, village, etc.

100%

Wis. Stat. § 815.18(3)(m)

Pre-purchased tuition credits

$5,850

USC § 541(b)(6)(c)

College savings accounts

100% of qualified amounts

Wis. Stat. §§ 815.18(3)(p) & 16.641(7)

Tuition units

100% of qualified units

Wis. Stat. §§ 815.18(3)(o) & 16.64(8)