Anyone who is considering filing for #bankruptcy in Wisconsin should be informed of the #HomesteadExemption and how it works in their state. Farmers may have asked how a neighbor or another person who has filed for bankruptcy may keep their home. #Exemptions are the answer. Read the full article here: https://www.oflaherty-law.com/learn-about-law/how-to-qualify-for-the-homestead-exemption-in-wisconsin
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The fundamental purpose of the Homestead Exemption is to safeguard your primary residence during a bankruptcy. The exemption basically stops creditors from putting a lien on any equity you have in your home.