Wyoming Bankruptcy Exemptions
UPDATED: Oct 21, 2024
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UPDATED: Oct 21, 2024
It’s all about you. We want to help you make the right legal decisions.
We strive to help you make confident insurance and legal decisions. Finding trusted and reliable insurance quotes and legal advice should be easy. This doesn’t influence our content. Our opinions are our own.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about legal topics and insurance. Our goal is to be an objective, third-party resource for everything legal and insurance related. We update our site regularly, and all content is reviewed by experts.
UPDATED: Oct 21, 2024
It’s all about you. We want to help you make the right legal decisions.
We strive to help you make confident insurance and legal decisions. Finding trusted and reliable insurance quotes and legal advice should be easy. This doesn’t influence our content. Our opinions are our own.
UPDATED: Oct 21, 2024
It’s all about you. We want to help you make the right legal decisions.
We strive to help you make confident insurance and legal decisions. Finding trusted and reliable insurance quotes and legal advice should be easy. This doesn’t influence our content. Our opinions are our own.
| Assets | Exemption | State Statutes |
|---|---|---|
| Homestead | Real property you occupy to $20,000. | Wyo. Stat. § 1-20-101 Wyo. Stat. § 1-20-102 Wyo. Stat. § 1-20-104 |
| Spouse or child of deceased owner may claim homestead exemption. | Wyo. Stat. § 1-20-103 | |
| Tenancy by Entirety | Property held as tenancy by the entirety may be exempt against debts owed by only one spouse. | In re Anselmi, 52 B.R. 479 (D.Wy. 1985); In re Wenadnde, 107 B.R. 770 (Bankr. D. Wyo 1989) |
| Insurance | Annuity contract proceeds to $350 per month. | Wyo. Stat. § 26-15-132 |
| Disability benefits if clause prohibits proceeds from being used to pay beneficiary’s creditors. | Wyo. Stat. § 26-15-130 | |
| Fraternal benefit society benefits. | Wyo. Stat. § 26-29-218 | |
| Group life or disability policy or proceeds, cash surrender & loan values, premiums waived, and dividends. | Wyo. Stat. § 26-15-131 | |
| Life insurance proceeds held by insurer, if clause prohibits proceeds from being used to pay beneficiary’s creditors. | Wyo. Stat. § 26-15-133 | |
| Misc. | Liquor licenses & malt beverage permits. | Wyo. Stat. § 12-4-604 |
| Pensions & Retirement Savings | Criminal investigators, highway officers. | Wyo. Stat. § 9-3-620 |
| Firefighters’ death benefits. | Wyo. Stat. § 15-5-209 | |
| Game & fish wardens. | Wyo. Stat. § 9-3-620 | |
| Police officers. | Wyo. Stat. § 15-5-313 (c) | |
| Private or public retirement funds & accounts, including IRAs. | Wyo. Stat. § 1-20-110 | |
| Public employees. | Wyo. Stat. § 9-3-426 | |
| Personal Property | Bedding, furniture, household articles, & food to $4,000 per person in the home. | Wyo. Stat. § 1-20-106 (a)(iii) |
| Bible, schoolbooks, & pictures. | Wyo. Stat. § 1-20-106 (a)(i) | |
| Burial plot. | Wyo. Stat. § 1-20-106 (a)(ii) | |
| Clothing & wedding rings to $2,000. | Wyo. Stat. § 1-20-105 | |
| Medical savings account contributions. | Wyo. Stat. § 1-20-111 | |
| Motor vehicle to $5,000. | Wyo. Stat. § 1-20-106 (a)(iv) | |
| Prepaid funeral contracts. | Wyo. Stat. § 26-32-102 | |
| Public Benefit | Crime victims’ compensation. | Wyo. Stat. § 1-40-113 |
| General assistance. | Wyo. Stat. § 42-2-113 (b) | |
| Unemployment compensation. | Wyo. Stat. § 27-3-319 | |
| Workers’ compensation. | Wyo. Stat. § 27-14-702 | |
| Tools of Your Trade | Library & implements of profession to $4,000 or tools, motor vehicle, implements, team & stock in trade to $4,000. | Wyo. Stat. § 1-20-106 (b) |
| Wages | Earnings of National Guard members. | Wyo. Stat. § 19-9-401 |
| 75% of disposable weekly earnings or 30 times the federal hourly minimum wage, whichever is more. | Wyo. Stat. § 1-15-511 |
|
| Wages of inmates in adult community corrections program. | Wyo. Stat. § 7-18-114 | |
| Wages of inmates in correctional industries program. | Wyo. Stat. § 25-13-107 | |
| Wildcard | None listed. |
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Mary Martin
Published Legal Expert
Mary Martin has been a legal writer and editor for over 20 years, responsible for ensuring that content is straightforward, correct, and helpful for the consumer. In addition, she worked on writing monthly newsletter columns for media, lawyers, and consumers. Ms. Martin also has experience with internal staff and HR operations. Mary was employed for almost 30 years by the nationwide legal publi...
Published Legal Expert
Editorial Guidelines: We are a free online resource for anyone interested in learning more about legal topics and insurance. Our goal is to be an objective, third-party resource for everything legal and insurance related. We update our site regularly, and all content is reviewed by experts.