How to Qualify for the Homestead Exemption in Wisconsin

The Homestead Exemption in Wisconsin is designed to protect the equity of your primary residence from creditors in the event of bankruptcy, applying to various types of dwellings including condos, mobile homes, and co-ops.
There is no need for a separate declaration to qualify for the Homestead Exemption in Wisconsin; it automatically applies upon filing for bankruptcy, offering up to $75,000 in equity protection for individuals and $150,000 for married couples.The scope of the homestead exemption extends to property deemed necessary for the residence's use, such as land for wells and septic systems, with specific criteria for farmers regarding the use of land for food and heating sources.Read the full article here: www.oflaherty-law.com/learn-a...
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