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.
|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|
|Library and implements of profession, tools, motor vehicle, implements, team, and stock in trade to $2,000||1-20-106(b)|
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.