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Wisconsin Personal Property Exemptions: The Property Creditors Can Not Touch!

Legal Helpers can use Wisconsin state law and Federal Exemptions to protect equity in your personal property. Equity is the difference between the market value of your property and the claims held against it. Listed below are some of the most common types of Wisconsin bankruptcy exemptions that we can use to help keep creditor's hands off your possessions. The Wisconsin bankruptcy exemptions below are intended for educational purposes only. They are not intended as legal advice, as their practical application in a U.S. federal bankruptcy case is often very involved. For more information contact our Wisconsin bankruptcy attorneys.

Homestead Wisconsin Bankruptcy Exemptions

We can use these Wisconsin bankruptcy exemptions to protect up to $40,000 in equity in your house. Unfortunately we can't use these Wisconsin bankruptcy exemptions to protect a rental property or a house you are not living in. Also, if we need to use these Wisconsin bankruptcy exemptions under the Wisconsin State Statutes it limits the amount of Wisconsin bankruptcy exemptions we can use below.

Motor Vehicle Wisconsin Bankruptcy Exemptions

Legal Helpers' attorneys can use these Wisconsin bankruptcy exemptions to protect $2,775 in value of any one motor vehicle listed in your U.S. federal bankruptcy. Additionally, if you file U.S. federal bankruptcy with a spouse we can use both vehicle exemptions to protect up to $5,550 in vehicle equity as long as both you and your spouse are on the title to the car.

Personal Household Goods Wisconsin Bankruptcy Exemptions

These Wisconsin bankruptcy exemptions allow Legal Helpers to protect your interest in various personal items such as your clothing and personal heirlooms and furniture. We can protect $9,300 if you are a single person, or $18,600 if married.

Life Insurance Proceeds Wisconsin Bankruptcy Exemptions

Under these Wisconsin bankruptcy exemptions we can protect a payment under a life insurance contract that insured the life of an individual of whom you were a dependent, to the extent reasonably necessary for your support or the support of your dependent(s).

Alimony, Support Wisconsin Bankruptcy Exemptions

Legal Helpers may also be able to exempt alimony, support, or separate maintenance, to the extent reasonably necessary to help support you during your U.S. federal bankruptcy.

Qualified Retirement Plan Wisconsin Bankruptcy Exemptions

Legal Helpers can prevent creditors from touching the proceeds of your hard-earned retirement plan. We can exempt anything from stock bonuses, pensions, profit sharing plans and annuities as long as we determine that your savings are in a qualified retirement plan.

Tools of the Trade, Professional Books Wisconsin Bankruptcy Exemptions

These are useful Wisconsin bankruptcy exemptions that we use to protect up to $1750 of the tools you use in your profession, $3500 if married. For example, shears, scissors and combs are the tools of a hairdresser, as are wrenches and hammers for a mechanic and carpenter.

Unemployment Compensation Benefits Wisconsin Bankruptcy Exemptions

Legal Helpers can protect all of your unemployment compensation from creditor's reach. However, past due child support may still be deducted from the income of people receiving public assistance during U.S. federal bankruptcy.

Worker's Compensation Wisconsin Bankruptcy Exemptions

We can protect 100% of compensation you receive under Wisconsin workers' compensation laws. Legal Helpers can protect both 100% of your wages and 100% of the award you receive to compensate you for any permanent disability. In Wisconsin, workers' compensation cases are 100% exempt. If you are injured while working then that is money you deserve and creditors will be prevented from reaching those funds.

Wildcard Wisconsin Bankruptcy Exemptions (Any Personal Property of Debtor)

Last, but probably most important of the Wisconsin bankruptcy exemptions is the Wildcard Exemption. Using the Wildcard Exemption in your U.S. federal bankruptcy case, Legal Helpers can protect up to $9,650 of any type of personal property, and $19,300 if married. We can protect anything you own that has equity in excess of the above Wisconsin bankruptcy exemptions, including real estate.

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