In Wisconsin, whether you can keep your property when filing for bankruptcy depends on the type of bankruptcy you file and the exemptions you are eligible for. Chapter 7 bankruptcy may require you to liquidate non-exempt assets, but many types of property can be protected under state exemptions. Chapter 13 bankruptcy allows you to keep your property while you make payments under a court-approved plan. An attorney can help you understand which assets are exempt and how to protect your property during the bankruptcy process.