WAGE GARNISHMENT EXEMPTION: 80 percent of net earnings
MAXIMUM INTEREST RATE: Legal: 5% Judgment: 12%
STATUTE OF LIMITATIONS ON ENFORCEMENT:
Open Account (credit card): 6 years
Written Contract: 6 years
Domestic Judgment: 20 years
Foreign Judgment: 20 years
BAD CHECK LAW DAMAGES: Amount of check plus actual damages and exemplary damages up to three times value of check, but not to exceed $300
BANKRUPTCY PROPERTY EXEMPTIONS (Wisconsin Statutes Annotated):
The State of Wisconsin has exempted the property and income below from seizure by the bankruptcy court to pay creditors
Real Property: Real property including condo, house trailer, mobile home or cooperative up to $40,000; property size must be at least 1/4 acre but not more than 40 acres; proceeds from sale are exempt for two years [815.20]; lease or interest in housing co-op, up to real estate exemption amount [182.004(6)]
Personal Property: Burial plot, unlimited amount [815.18(3)(a)]; inventory, equipment, farm products, books and tools of trade up to $7,500 [815.18(3)(b)]; appliances, furnishings and household goods, animals, books, clothing, firearms, jewelry, sporting goods, keepsakes and musical instruments and any other personal property held for personal use, up to $5,000 total [815.18(3)(d)]; motor vehicle to $1,200 [815.18(3)(g)]; wrongful death recoveries, amount needed for support [815.18(3)(i)(1)(b)]; personal injury recoveries up to $25,000 [815.18(3)(i)(1)(c)]; lost future earnings recoveries, amount needed for support [815.18(3)(i)(1)(d)]; bank accounts up to $1,000 [815.18(3)(k)]; plus any unused consumer goods exemption; food and fuel; bank deposits to $1,000; beds, clothing, books, pictures, radio, TV, burial place, church pew, jewelry, patents, cooking utensils and furniture to $5,000; alimony and child support; wrongful death or personal injury recoveries needed for support
Insurance / Annuities: Fraternal society benefits, unlimited amount [614.96]; life insurance proceeds if held in trust by insurer and if policy prohibits proceeds from being used to pay creditors [632.42]; federal disability insurance, unlimited amount [815.18(3)(d)]; insurance proceeds for exempt property destroyed within two years of filing bankruptcy, up to amount of exemption [815.18(3)(e)]; unmatured life insurance contract, unlimited amount, but up to $4,000 if debtor is the insured or a debtor is dependent upon [815.18(3)(f)]; life insurance proceeds if beneficiary is a dependent of insured, amount needed for support [815.18(3)(i)(1)(a)]
Pensions / Retirement Plans: Public employees, unlimited amount [40.08(1)]; qualifying municipal employees, unlimited amount [66.81]; firefighters and police officers who work in cities with 100,000 or more in population, unlimited amount [815.18(3)(e) and (f)]; private and public retirement benefits, amount needed for support [815.18(3)(j)]; military pension, unlimited amount [815.18(3)(n)]
Public Benefits / Entitlements: Workers' compensation, unlimited amt [102.27]; veterans' benefits, unlimited amount [45.35(8)(b)]; aid to families with dependent children and other social service payments, unlimited amt [49.96]; other social services payments; unemployment compensation, unlimited amt [108.13]; crime victims compensation, unlimited amt [949.07]
Wages: 75% of earned but unpaid wages [815.18(3)(h)]
Miscellaneous: Alimony and child support, amount needed for support [815.18(3)(c)]; business partnership property, unlimited amount [178.21]
