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Order For Financial Disclosure And Financial Disclosure Statement SC-506 - Wisconsin

Order For Financial Disclosure And Financial Disclosure Statement Form. This is a Wisconsin form and can be used in Small Claims Circuit Court Statewide .
 Fillable pdf Last Modified 11/17/2011
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STATE OF WISCONSIN, CIRCUIT COURT, Creditor: COUNTY -vsDebtor: Order for Financial Disclosure and Financial Disclosure Statement 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 Failure to comply with this order may be contempt of court and subject you to the following penalties: BY THE COURT: 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. 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 4. Your residence address (not P.O. box) 5. Spouse's full name 7. Spouse's residence address (if different) 8. Your employer's name and address 11. Spouse's employer's name and address City 2. Date of Birth City State 3. Number of Dependents Zip Code Phone No. 6. Do you have a marital property agreement? Yes (Attach copy.) No State 9. Gross Wages 12. Gross Wages Zip Code 10. Paid biweekly 13. Paid biweekly Phone No. weekly monthly weekly monthly You must complete this information (14 ­ 31) for both you and your spouse. 14. Other employers 17. Pension income (Give name and address of payor.) 20. Social Security/Disability/SSI (Give name and address of payor.) 23. Checking, savings, financial accounts (List name and address of institution, type of account and amount.) 15. Gross Wages 18. Amount 21. Amount 16. Paid biweekly 19. Paid biweekly 22. Paid biweekly weekly monthly weekly monthly weekly monthly 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 31. Other assets of value (Give details and values.) 29. Is anyone holding any assets or property for you? Yes (Attach details.) No 30. Amount of cash on hand Complete both pages and sign page 2. SC-506, 08/11 Order for Financial Disclosure and Financial Disclosure Statement Page 1 of 3 §§799.26, 812.34 and 812.39, Wisconsin Statutes American LegalNet, Inc. www.FormsWorkFlow.com This form shall not be modified. It may be supplemented with additional material. 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 Taxpayer ID Number Officers of Corporation and Title 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 Page 2 of 3 §§799.26, 812.34 and 812.39, Wisconsin Statutes American LegalNet, Inc. www.FormsWorkFlow.com This form shall not be modified. It may be supplemented with additional material. 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)]. Unemplo
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