Wyoming Bankruptcy Exemptions
The chart below contains a summary of Wyoming state bankruptcy exemptions and other relevant statutory laws.
Click here for complete State of Wyoming bankruptcy exemptions laws
Note: Federal bankruptcy exemptions are not available.
Personal exemptions allowed by Wyoming Bankruptcy Law
Note: Under the 2005 bankruptcy law, almost all types of tax-exempt retirement accounts are exempt in bankruptcy whether state or Federal exemptions are used. Exemptions for 401(k)s, 403(b)s, profit-sharing and money purchase plans, and defined benefit plans include the entire account amounts. However, with traditional and Roth IRAs, the exemption is limited to a total value of $1,171,650 per person for all accounts held by the debtor (not per account). The total value amount is adjusted every three years for inflation. The relevant statutes: 11 U.S.C. §522(d)(12) for Federal bankruptcy exemptions; 11 U.S.C. §522(b)(3)(C) for state bankruptcy exemptions.
| ASSET | EXEMPTION | LAW |
|---|---|---|
| Wyoming Homestead | Real property occupied by debtor to $10,000; $6,000 for house trailer | 1-20-101; 102, 104 |
| Wages | Minimum 75% of weekly disposable earnings or 30 times the Federal minimum hourly wage (whichever is greater) | 1-15-511 |
| Automobile | Up to $2,400 | 1-20-106(a)(iv) |
| Other property | Annuity contract proceeds | 26-15-132 |
| Liquor licenses and malt beverage permits | 12-4-604 | |
| Bedding, furniture, household articles, and food to $2,000 per person in the home | 1-20-106(a)(iii)) | |
| Clothing and wedding rings to $1,000 | 1-20-105 | |
| Burial plot | 1-20-106(a)(ii) | |
| Library and implements of profession, tools, motor vehicle, implements, team, and stock in trade to $2,000 | 1-20-106(b) | |
| Wildcard | None |
Note: While this reference information is current as of October 2010, it may not reflect the most up-to-date exemption figures on official state of Wyoming bankruptcy court statutes.
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