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Wyoming Economy:

Mining extraction, Tourism, Agriculture and Manufacturing are the key industries in the state. Education, Military/Defense and Energy production are the largest industries in the state.

Bankruptcy Court Location(s):

Cheyenne
US Bankruptcy Court
District of Wyoming
2120 Capitol Avenue
6th Floor
Cheyenne, WY 82001

Casper
US Bankruptcy Court
District of Wyoming
111 South Wolcott
Casper, WY 82601

Wyoming Bankruptcy Exemptions:

Wyoming Homestead Exemption

A debtor can exempt up to $20,000 of equity in a home. (§§ 1-20-101, 102, 103, and 104)

Wyoming Motor Vehicle Exemption

Up to $5,000 of equity in a car, truck, van, SUV, motorcycle, or another vehicle can be protected with this exemption. (§ 1-20-106(a)(iv))

Other Bankruptcy Exemptions in Wyoming

Here are additional types of property you’ll be able to protect.

⦁ Personal property. Unless otherwise stated, these exemptions are all found in § 1-20-105 and 106: bedding, furniture, household articles, and food, up to $4,000 per person in the home; bible, school books, and pictures; burial plot; clothing and wedding rings (but no other jewelry), up to $2,000; $3,000 in firearms (up to three) and ammunition (up to 1,000 rounds); medical savings account contributions (§ 1-20-111); prepaid funeral contracts (§ 26-32-102).

⦁ Tools of the trade. Up to $4,000 of either: the library, instruments, and implements of a professional, or the tools, team, implements, or stock used in your trade or business. (§ 1-20-106(b))

⦁ Pensions. Criminal investigators and highway officers (§ 9-3-620); firefighters’ death benefits (§ 15-5-209); game and fish wardens (§ 9-3-620); police officers (§ 15-5-313(c)); private or public retirement funds and accounts, including IRAs, Roth IRAs, and SEP IRAs (§ 1-20-110); public employees (§ 9-3-426). Tax-exempt retirement accounts, including 401(k)s, 403(b)s, profit-sharing, and money purchase plans, SEP and SIMPLE IRAs, and defined benefit plans, and IRAS and Roth IRAs to the current allowed amount. (For more information and the most recent figure, see  Your Retirement Account in Bankruptcy.)

⦁ Public benefits. Crime victims’ compensation (§ 1-40-113); general assistance (§ 42-2-113(b)); unemployment compensation (§ 27-3-319); workers’ compensation (§ 27-14-702).

⦁ Insurance. Annuity contract proceeds to $350 per month (§ 26-15-132); disability benefits if the contract says you cannot use them to pay a beneficiary’s creditors (§ 26-15-130); fraternal benefit society benefits (§ 26-29-218); group life insurance or disability policy or proceeds, cash surrender and loan values, waived premiums, and dividends (§ 26-15-131); individual life insurance policy proceeds, cash surrender and loan values, waived premiums, and dividends (§ 26-15-129); life insurance proceeds held by the insurer if the contract says they cannot be used to pay the beneficiary’s creditors (§ 26-15-133).

⦁ Miscellaneous. Liquor license and malt beverage permits (§ 12-4-604).

⦁ Wages. Earnings of National Guard members (§ 19-9-401); 75% of your disposable earnings or 30 times the federal minimum wage, whichever is more (§§ 1-15-511, 1-15-408, and 40-14-505); wages of inmates in adult community corrections programs (§ 7-18-114); wages of inmates in correctional industries programs (§ 25-13-107); wages of inmates on work release (§ 7-16-308).

 

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