Are there any assets that I will not be able to keep in bankruptcy?

Yes. In Wisconsin, certain assets are not eligible for exemption in bankruptcy. Exempt assets are those that are protected from liquidation in the bankruptcy process. Generally, exempt assets include certain amounts of money in a bank account, a vehicle up to a certain value, and certain amounts of furniture and household items. However, not all assets are exempt. Examples of assets that are not exempt and may not be protected in bankruptcy include luxury items such as boats, certain student loans, certain tax refunds, and assets that can be converted to cash. In addition, creditors can also object to exempt assets if they can prove the assets were purchased with fraud or was used for an illegal purpose. Ultimately, it is important to understand that the amount of assets that can be exempt in bankruptcy will depend on the type of bankruptcy case you file and the specific laws in Wisconsin.

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Are there any assets that I will not be able to keep in bankruptcy?

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