Wyoming State Exemption List
Only State Exemptions Allowed
In the state of Wyoming, you can not choose the federal bankruptcy list and must use the State or Wyoming Bankruptcy Exemption List. There may be certain federal supplemental exemptions you can use too. All exemptions should be discussed with your Wyoming Bankruptcy Attorney.
Wyoming has created bankruptcy exemptions to allow you to maintain enough public benefits, wages, personal property and insurance to start over after filing bankruptcy in Wyoming. There may be certain residency requirements to use the State of Wyoming Bankruptcy Exemption List.
The following table will outline the Wyoming Bankruptcy Exemptions. Some of your property or assets may not have a matching exemption.
|
Exemptions
|
Exemption Amount
|
Statutes
|
| Homestead |
Real property you occupy to $10,000 or house trailer you occupy to $6000 (joint owners may double)
Spouse or child of deceased owner may claim homestead exemption
Property held as tenancy by the entirety may be exempt against debts owed by only one spouse |
1-20-101, 1-20-102,1-20-104
1-20-103
In re Anselmi, 52 B.R. 479
(D. Wyoming 1985) |
| Insurance |
Annuity contract proceeds to $350 per month
Disability benefits if clause prohibits proceeds from being used to pay creditors
Fraternal benefit society benefits
Group life or disability policy or proceeds
Life insurance proceeds held by insurer, if clause prohibits proceeds from being used to pay beneficiary’s creditors |
26-15-132
26-15-130
26-29-218
26-15-131
26-15-133 |
| Public Benefits |
General assistance
Crime victims’ compensation
Unemployment compensation
Workers’ compensation |
42-2-113
1-40-113
27-3-319
27-14-702 |
| Tools of Trade |
Library & implements of professional to $2000 or tools, motor vehicle, implements, team & stock in trade to $2000 |
1-20-106(b) |
| Miscellaneous |
Liquor licenses & malt beverage permits |
12-4-604 |
| Pensions |
Criminal investigators, highway officers
Firefighters, police officers (only payments being received)
Game & fish wardens
Private or public retirement funds and accounts
Public employees |
9-3-620
15-5-209
9-3-620
1-20-110
9-3-426 |
| Personal Property |
Bedding, furniture, household articles & food to $2000 per person in the home
Bible, schoolbooks & pictures
Burial plot
Clothing & wedding rings needed, up to $1000
Funeral contracts, pre-paid
Motor vehicle to $2000 |
1-20-106(a) (iii)
1-20-106(a) (I)
1-20-106(a) (ii), 35-8-104
1-20-105
26-32-102
1-20-106(a) (iv) |