Download Free Print-Only PDF OR Purchase Interactive PDF Version of this Form
Loading PDF...
Tags:
SC-506B, 11/17 Financial Disclosure Statement (Small Claims) 247247799.26, 812.34 and 812.39, Wisconsin Statutes This form shall not be modified. It may be supplemented with additional material. Page 1 of 3 STATE OF WISCONSIN, CIRCUIT COURT, COUNTY Financial Disclosure Statement (Small Claims) Case No. Creditor: - vs - Debtor: An Order for Financial Disclosure was filed on [Date] . Individuals should complete items 1 - 33. Corporat e Representatives should complete items 23 - 31, and 34 . Everyone must complete both pages and sign page 2 at line 35. FINANCIAL DISCLOSURE OF ASSETS 1. Your full name 2. Date of Birth 3. Number of Dependents 4. Your residence address (not P.O. box) City State Zip Code Phone Number 6.A. Date of Marriage 6.B. Do you have a marital property agreement? Yes (Attach copy.) No City State Zip Code Phone Number 9. Gross Wages 10. Paid weekly biweekly monthly 12. Gross Wages 13. Paid weekly biweekly monthly You must complete this information (14 31) for both you and your spouse. 14. Other employers 15. Gross Wages 16. Paid weekly biweekly monthly 17. Pension income (Give name and address of payor.) 18. Amount 19. Paid weekly biweekly monthly 20. Social Security/Disability/SSI (Give name and address of payor.) 21. Amount 22. Paid weekly biweekly monthly 23. Checking, savings, financial accounts (List name and address of institution, type of account and amount.) 24. Automobiles (Give year, make and market value.) investments (List name, number of shares and value.) 26. Other Income (Specify) 27. Real estate and other real property interests (List kind of property, location and m arket value.) 28. Does anyone owe you money? Yes (Attach details.) No 29. Is anyone holding any assets or property for you? Yes (Attach details.) No 30. Amount of cash on hand 31. Other assets of value (Give details and values.) Complete both pages and sign page 2. American LegalNet, Inc. www.FormsWorkFlow.com SC-506B, 11/17 Financial Disclosure Statement (Small Claims) 247247799.26, 812.34 and 812.39, Wisconsin Statutes This form shall not be modified. It may be supplemented with additional material. Page 2 of 3 32. Do you believe your earnings are exempt from garnishment? Yes No If yes, complete lines A, B, C and D as appropriate. A. I have received the following need-based public assistance within the last six months: Medical assistance Relief funded under Wis. Stats. 24759.53(21) Food stamps/Foodshare Relief funded under public assistance Supplemental security income Benefits for veterans under 24745.40 (1m) or 38 USC 501-562. B. I have been determined to be eligible to receive the following need-based public assistance although I have not actually begun to receive those benefits: Medical assistance Relief funded under Wis. Stats. 24759.53(21) Food stamps/Foodshare Relief funded under public assistance Supplemental security income Benefits for veterans under 24745.40 (1m) or 38 USC 501-562. C. My household income is below the federal poverty line. (Worksheets and schedules for this D. At least 25% of my disposable earnings are assigned by the court order for support. 33. Would the garnishment of 20% of your disposable income reduce your household income below the federal poverty line? Yes No 34. Corporations should complete questions 23 31, as well as the following: Name of Corporation Address Taxpayer ID Number Officers of Corporation and Title Business Address Home Address A . B . C . D . Registered Agent Address 35. The information provided on this statement is true and correct. Judgment Debtor/Corporate Representative Name Printed or Typed Date American LegalNet, Inc. www.FormsWorkFlow.com SC-506B, 11/17 Financial Disclosure Statement (Small Claims) 247247799.26, 812.34 and 812.39, Wisconsin Statutes This form shall not be modified. It may be supplemented with additional material. Page 3 of 3 GARNISHMENT, EXECUTIONS AND EXEMPTIONS An unpaid money judgment against you can result in the judgment creditor satisfying the judgment by taking or selling your personal property, including income, and your real estate. Garnishment is a separate legal proceeding used to take money in possession of another which is owed you, typically income or deposits in financial institutions, in an amount sufficient to satisfy the judgment. A separate garnishment proceeding must be commenced by a judgment creditor choosing this remedy. Execution is a writ (court order) issued by a court directing the sheriff to seize or attach your personal property or real estate so that it may be sold to satisfy the judgment. A writ of execution can be issued upon the perfecting and docketing of the original judgment without starting a separate legal proceeding. Exemptions are assets protected by statute from garnishment and execution. These assets are determined in part by your marital status, the number of your dependents, whether the transaction leading to the judgment was a consumer credit transaction and whether the judgment creditor had a mortgage or a security interest. Other qualifications and limitations are set forth in 247815.18(3) through (13), Wisconsin Statutes. Because your personal circumstances will determine if an asset is exempt from execution, this form only informs you about the types of assets and amount of income which MAY be exempt and the statutes you can refer to for specific information. Your exempt assets and income with statutory limitations may include the following: Salary up to 10% for purchase of savings bonds [Wis. Stats. 24720.921(1)(e)]. Veteran's benefits [Wis. Stats. 24745.40 (1m) or 38 USC 501-562]. Assistance grants [Wis. Stats. 24749.96]. Pension funds and benefits from 1st class cities and counties of populations over 500,000 [Wis. Stats. 24762.63(4) and Ch. 201, Laws 1937, s.11]. Worker's compensation awards [Wis. Stats. 247102.27(1)]. Unemployment compensation benefits [Wis. Stats. 247108.13(2)]. School aid moneys [Wis. Stats. 247121.007]. Partner's rights in specific partnership property [Wis. Stats. 247178.21(3)(c)]. Tenant's housing corporation lease and stock interests [Wis. Stats. 247182.004(6)]. Income, including wages and earnings [Wis. Stats. 247247425.106(1)(a), 812.34(2), 812.39 and 815.18(3)(h)]. Clothing, jewelry, household furniture and furnishings [Wis. Stats. 247425.106(1)(b)]. Homestead interest in real estate [Wis. Stats. 247425.106(1)(c), 815.20 and 815.21]. Earnings or assets required to be paid by customers as restitution [Wis. Stats. 247425.106(1)(d)]. Insurance company deposits with the State Treasurer [Wis. Stats. 247601.13(7)]. Fraternal benefits [Wis. Stats. 247614.96]. Cemetery lots, above ground burial facilities/monuments, tombstones and coffins [Wis. Stats. 247815.18(3)(a)]. Business and farm equipment, inventory, products and professional books not to exceed $15000. [Wis. Stats. 247815.18(3)(b)]. Child support, family support or maintenance payments [Wis. Stats. 247815.18(3)(c)]. Consumer goods held primarily for personal, family, or household use not to exceed $12000. [Wis. Stats. 247815.18(3)(d)]. State aid to county fairs and agricultural societies [Wis. Stats. 247815.18(3)(df)]. Federal disability insurance benefits [Wis. Stats. 247815.18(3)(ds)]. Fire and casualty insurance proceeds [Wis. Stats. 247815.18(3)(e)]. Fire and police pension fund benefits [Wis. Stats. 247815.18(3)(ef)]. Fire apparatus and equipment [Wis. Stats. 247815.18(3)(em)]. Life insurance contract and accrued dividends, interest or loan value not to exceed $4000. [Wis. Stats. 247815.18(3)(f)]. Motor vehicles not to exceed $4000 plus unused consumer goods value [Wis. Stats. 247815.18(3)(g)]. Life insurance, personal injury and wrongful death claims [Wis. Stats. 247815.18(3)(i)]. Retirement and public employee trust funds [Wis. Stats. 24724740.08(1) and 815.18(3)(j)]. Depository accounts in the aggregate value of $5000 [Wis. Stats. 247815.18(3)(k)]. Private property to satisfy judgments against municipalities, vocational, technical and adult education and school districts [Wis. Stats. 247815.18(3)(m)]. Federal war pensions [Wis. Stats. 247815.18(3)(n)]. Crime victim award [Wis. Stats. 247949.07]. American LegalNet, Inc. www.FormsWor