What Are the Wisconsin Bankruptcy Exemptions?

When considering filing for bankruptcy in Wisconsin, it is important to understand the state’s exemptions. In Wisconsin, certain property and assets are exempt from liquidation when you file for bankruptcy. Knowing which of your possessions are protected can help reassure you that some items will remain safe during this process.

Wisconsin has adopted a set of federal Bankruptcy Code exemptions, along with a few state-specific ones. Some examples of the federal exemptions include up to $25,150 worth of equity in your primary residence; up to $12,575 value in other real estate; and up to $2,550 worth of equity in one vehicle per person who is filing for bankruptcy.

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