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Protecting Your Assets - Filing for Bankruptcy in Milwaukee $75,000 homestead exemption. ... $4,000 motor vehicle exemption. ... $12,000 "consumer goods exemption" ... $5,000 exemption for savings and checking accounts. ... $50,000 personal injury award exemption. ... Also full protection of most retirement accounts.
(Official Form 106C) lists the property that you believe you are entitled to keep. If you do not claim the property on this form, it will not be exempted, despite your rights under the law. Before filling out this form, you have to decide whether you will use your state exemptions or the federal exemptions.