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.

ASSETEXEMPTIONLAW
Wyoming HomesteadReal property occupied by debtor to $10,000; $6,000 for house trailer1-20-101; 102, 104
WagesMinimum 75% of weekly disposable earnings or 30 times the Federal minimum hourly wage (whichever is greater)1-15-511
AutomobileUp to $2,4001-20-106(a)(iv)
Other propertyAnnuity contract proceeds26-15-132
Liquor licenses and malt beverage permits12-4-604
Bedding, furniture, household articles, and food to $2,000 per person in the home1-20-106(a)(iii))
Clothing and wedding rings to $1,0001-20-105
Burial plot1-20-106(a)(ii)
Library and implements of profession, tools, motor vehicle, implements, team, and stock in trade to $2,0001-20-106(b)
WildcardNone

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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Go to Complete State of Wyoming bankruptcy exemptions laws.

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