§547 Preferential Transfers in Wisconsin

How 11 U.S.C. § 547 applies in Wisconsin — federal bankruptcy law, Wisconsin district data.

What §547 Preferential Transfers Does

If you paid a creditor more than $600 in the 90 days before filing (or 1 year for insider transfers), the trustee may "avoid" that payment as a preferential transfer and recover the money for distribution to all creditors equally. This rule protects the fundamental bankruptcy principle of equitable distribution.

Key points:

Wisconsin Bankruptcy Data (FJC)

77,573
Total filings
56.8%
Dismiss rate
33,028
Prior filers
29.2%
Prior discharge rate

Districts covered: E.D. Wis., W.D. Wis..

Apply This to Your Case

The rules above are federal — they apply identically in every state. What varies by state is exemptions (§522), median income thresholds (means test), and case-law interpretations of ambiguous terms. For a Wisconsin-specific answer, check the screener or consult a local attorney.

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Related Wisconsin Statutes

§547 Preferential Transfers in Other States