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Order For Financial Disclosure And Financial Disclosure Statement Form. This is a Wisconsin form and can be use in Circuit Court Statewide.
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Tags: Order For Financial Disclosure And Financial Disclosure Statement, SC-506, Wisconsin Statewide, Circuit Court
STATE OF WISCONSIN, CIRCUIT COURT,
COUNTY
Order for Financial Disclosure
and
Financial Disclosure Statement
Creditor:
-vsDebtor:
Case No.
IT IS ORDERED THAT the judgment debtor within 15 days of entry of judgment either:
Pay the judgment in full, or
Accurately complete the following Financial Disclosure Statement and mail or deliver it to the
judgment creditor or attorney at the following address:
Name
Address
Imprisonment for up to 6 months.
Forfeitures of not more than $2000 per day.
Any other order necessary to ensure your compliance.
Punitive (criminal) sanctions under Wis. Stats. Ch. 785.
Failure to comply with this order may
be contempt of court and subject you
to the following penalties:
BY THE COURT:
Judgment Date
Circuit Court Judge
Circuit Court Commissioner
Date
Individuals should complete items 1 - 33 and 35. Corporations should complete items 23 - 31, 34 and 35.
FINANCIAL DISCLOSURE OF ASSETS
1. Your full name
2. Date of Birth
4. Your residence address (not P.O. box)
City
5. Spouse’s full name
3. Number of
Dependents
State
Zip Code
Phone No.
6. Do you have a marital property agreement?
Yes (Attach copy.)
No
7. Spouse’s residence address (if different)
City
Phone No.
State
Zip Code
8. Your employer’s name and address
9. Gross Wages
10. Paid
biweekly
weekly
monthly
11. Spouse’s employer’s name and address
12. Gross Wages
13. Paid
biweekly
weekly
monthly
You must complete this information (14 – 31) for both you and your spouse.
14. Other employers
15. Gross Wages
16. Paid
biweekly
weekly
monthly
17. Pension income (Give name and address of payor.)
18. Amount
19. Paid
biweekly
weekly
monthly
20. Social Security/Disability/SSI (Give name and address of payor.)
21. Amount
22. Paid
biweekly
weekly
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.)
25. Stocks, bonds, life insurance, IRA’s and other financial 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 market 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.
SC-506, 08/11 Order for Financial Disclosure and Financial Disclosure Statement
§§799.26, 812.34 and 812.39, Wisconsin Statutes
This form shall not be modified. It may be supplemented with additional material.
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Order for Financial Disclosure and Financial Disclosure Statement
Page 2 of 3
Case No.
32. Do you believe your earnings are exempt from garnishment?
Yes
No
If yes, complete lines A, B, and C as appropriate.
A. I have received the following need-based public assistance within the last six months:
Medical assistance
Relief funded under Wis. Stats. §59.53(21)
Food stamps
Relief funded under public assistance
Supplemental security income
Benefits for veterans under §45.40 (1) 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. §59.53(21)
Food stamps
Relief funded under public assistance
Supplemental security income
Benefits for veterans under §45.40 (1) or 38 USC 501-562.
C. My household income is below the federal poverty line. (Worksheets and schedules for
this determination are available in the Clerk of Court’s Office.)
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
Officers of Corporation and Title
Taxpayer ID Number
Business Address
Home Address
1.
2.
3.
4.
Registered Agent
Address
35. The information provided on this statement is true and correct.
Judgment Debtor/Corporate Officer
Name Printed or Typed
Date
SC-506, 08/11 Order for Financial Disclosure and Financial Disclosure Statement
§§799.26, 812.34 and 812.39, Wisconsin Statutes
This form shall not be modified. It may be supplemented with additional material.
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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 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 commencement of 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 §815.18(3) through (13), Wisconsin Statutes.
Because your personal circumstances will determine if an asset is exempt from execution, the Judicial Conference
can only inform 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. §20.921(1)(e)].
Veteran's benefits [Wis. Stats. §45.40 (1) or 38 USC 501-562].
Assistance grants [Wis. Stats. §49.96].
Pension funds and benefits from 1st class cities and counties of populations over 500,000
[Wis. Stats. §62.63(4) and Ch. 201, Laws 1937, s.11].
Worker's compensation awards [Wis. Stats. §102.27(1)].
Unemployment compensation benefits [Wis. Stats. §108.13(2)].
School aid moneys [Wis. Stats. §121.007].
Partner's rights in specific partnership property [Wis. Stats. §178.21(3)(c)].
Tenant's housing corporation lease and stock interests [Wis. Stats. §182.004(6)].
Income, including wages and earnings [Wis. Stats. §§425.106(1)(a), 812.34(2), 812.39 and 815.18(3)(h)].
Clothing, jewelry, household furniture and furnishings [Wis. Stats. §425.106(1)(b)].
Homestead interest in real estate [Wis. Stats. §425.106(1)(c), 815.20 and 815.21].
Earnings or assets required to be paid by customers as restitution [Wis. Stats. §425.106(1)(d)].
Insurance company deposits with the State Treasurer [Wis. Stats. §601.13(7)].
Fraternal benefits [Wis. Stats. §614.96].
Cemetery lots, above ground burial facilities/monuments, tombstones and coffins [Wis. Stats. §815.18(3)(a)].
Business and farm equipment, inventory, products and professional books not to exceed $15000.
[Wis. Stats. §815.18(3)(b)].
Child support, family support or maintenance payments [Wis. Stats. §815.18(3)(c)].
Consumer goods held primarily for personal, family, or household use not to exceed $12000.
[Wis. Stats. §815.18(3)(d)].
State aid to county fairs and agricultural societies [Wis. Stats. §815.18(3)(df)].
Federal disability insurance benefits [Wis. Stats. §815.18(3)(ds)].
Fire and casualty insurance proceeds [Wis. Stats. §815.18(3)(e)].
Fire and police pension fund benefits [Wis. Stats. §815.18(3)(ef)].
Fire apparatus and equipment [Wis. Stats. §815.18(3)(em)].
Life insurance contract and accrued dividends, interest or loan value not to exceed $4000.
[Wis. Stats. §815.18(3)(f)].
Motor vehicles not to exceed $4000 plus unused consumer goods value [Wis. Stats. §815.18(3)(g)].
Life insurance, personal injury and wrongful death claims [Wis. Stats. §815.18(3)(i)].
Retirement and public employee trust funds [Wis. Stats. §§40.08(1) and 815.18(3)(j)].
Depository accounts in the aggregate value of $5000 [Wis. Stats. §815.18(3)(k)].
Private property to satisfy judgments against municipalities, vocational, technical and adult education and
school districts [Wis. Stats. §815.18(3)(m)].
Federal war pensions [Wis. Stats. §815.18(3)(n)].
Crime victim award [Wis. Stats. §949.07].
SC-506, 08/11 Order for Financial Disclosure and Financial Disclosure Statement
§§799.26, 812.34 and 812.39, Wisconsin Statutes
This form shall not be modified. It may be supplemented with additional material.
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www.FormsWorkFlow.com