Bankruptcy and Judgments: What are the State Exemptions for Wyoming?
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Wyoming has one of the oddest list of state exemptions for judgments and bankruptcies. I did live next to Wyoming for a while (in Northern Colorado), and it is a pretty desolate state. So I guess it stands to reason that in Wyoming, your creditors can take your house but they can’t touch your liquor license. There’s also no dollar limit on bibles and family pictures, so if you want to avoid your creditors in Wyoming, forget the notion of “your house is your castle” and invest in liquor licenses and a bible collection.
- Homestead: up to $10,000 (Trailer, up to $6,000)
- Pensions/retirement/IRA: exempt
- Bank account: NO exemption (they can take every penny)
- Car: up to $2,000
- Bedding, furniture, household articles & food: $2000 per person in the house
- Bible, schoolbooks & pictures: exempt, no dollar limit
- Burial plot: exempt, no dollar limit
- Clothing & wedding rings: up to $1000
- Funeral contracts, pre-paid: exempt, no dollar limit
- Motor vehicle to $2000
- Insurance: Annuity contracts up to $350/month
- Disability benefits: exempt with no dollar limit (only if clause prohibits proceeds from being used to pay creditors)
- Fraternal benefit society benefits: exempt, no dollar limit
- Group life or disability policy or proceeds: exempt, no dollar limit
- Life insurance proceeds held by insurer: exempt, no dollar limit (only if clause prohibits proceeds from being used to pay beneficiary’s creditors)
- Public assistance: exempt, no dollar limit
- Crime victims’ compensation: exempt, no dollar limit
- Unemployment compensation: exempt, no dollar limit
- Workers’ comp: exempt, no dollar limit
- Tools of the trade: $2,000
- Bankruptcy and Judgments: What are the State Exemptions for Wisconsin?
- Bankruptcy and Judgments: What are the State Exemptions for Colorado?
- Judgments and Bankruptcy: What are The State Exemptions for Alabama?
- Judgments and Bankruptcy: What are the State Exemptions for Florida?
- Judgments: What are the State Exemptions for Virginia?
If filing bankruptcy, you can’t take the federal exemptions: you must choose the state exemptions.
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