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Law Lets Bankrupt Farmer Keep Plow and Harness Exemptions
Exemptions under state and federal bankruptcy laws allow farmers to keep essential farming tools and livestock despite forced sale. Wisconsin and federal rules offer a mix of homestead, livestock, tools, and income protections. spouses may split exemptions, and court oversight ensures proper distribution of sale proceeds.
MENTIONED IN THIS ARTICLE
Ann Gelschmann
U.S. Bankruptcy Court
Western District of
Wisconsin
Eau Claire
Ms. Gelschmann