Wyoming Laws on Wage Garnishments, Statute of Limitation on Debt, and Bankruptcy Property Exemptions

WAGE GARNISHMENT EXEMPTION:  Federal law applies

MAXIMUM INTEREST RATE:  Legal: 7%  Judgment: 10% or contract rate

STATUTE OF LIMITATIONS FOR ENFORCEMENT:

Open Account (credit card):  8 years
Written Contract: 10 years
Domestic Judgment: 5 years
Foreign Judgment: 5 years

BAD CHECK LAW DAMAGES:  Twice the amount of check plus collection costs and attorney's fees

WYOMING BANKRUPTCY PROPERTY EXEMPTIONS (Wyoming Statutes Annotated):

Cannot use federal exemptions, but can use the federal non-bankruptcy exemptions

The State of Wyoming has exempted property and income below from seizure by the bankruptcy court to pay creditors:

Real Property:  Real property used as residence to $10,000, but $20,000 if jointly owned OR mobile trailer used as residence up to $6,000, but $12,000 if house trailer jointly owned [1-20-101, 1-20-102 and 1-20-104]
Personal Property: Clothing and wedding rings up to $1,000 [1-20-105]; bibles and schoolbooks, pictures, unlimited amount [1-20-106(a)(i)]; burial plot, unlimited amount [1-20-106(a)(ii)];  furniture and household goods, bedding and food up to $2,000 per person in house [1-20-106(a)(iii)]; motor vehicle up to $2,400 [1-20-106(a)(iv)]; library and equipment of professional up to $2,000 and tools, motor vehicle, implements, team and stock in trade used in business or trade up to $2,000 [1-20-106(b)]; prepaid funeral contracts, unlimited amount [25-32-102]
Insurance / Annuities:  Group life or disability policy or proceeds, unlimited amount [26-15-131]; life insurance proceeds if held in trust by insurer and if proceeds cannot be used to pay creditors, unlimited amount [26-15-133]; fraternal society benefits, unlimited amount [26-29-218]; disability benefits if policy prohibits proceeds from being used to pay creditors, unlimited amount [26-15-130]; annuity proceeds to $350 per month [26-15-132]

Debt Statutes  > Wyoming
debt
Pensions / Retirement Plans:  Private and public retirement accounts, unlimited amount [1-20-110]; public employees, unlimited amount [9-3-426]; criminal investigators, game and fish wardens and highway patrol, unlimited amount [9-3-620]; firefighters and police officers, payments being received [15-5-209];
Public Benefits / Entitlements:  Unemployment compensation, unlimited amount [27-3-319]; workers' compensation, unlimited amount [27-14-702]; general assistance and aid to families with dependent children, unlimited amount [42-2-113]; crime victims' compensation, unlimited amount [1-40-113]
Wages: 75% earned but unpaid wages [1-15-511]; wages of work release prisoners [7-16-208]; earnings of National Guard members [19-9-401]
Miscellaneous:  Liquor licenses, unlimited amount [12-4-604]