Bankruptcy Tutor
In general, a debtor may claim exemption of his homestead and certain personal property from attachment and execution of a judgment, or in a bankruptcy proceeding.
A judgment debtor is generally entitled to a homestead exemption not to exceed $10,000 in value against execution and attachment arising from any debt, contract or civil obligation. (WS 1-20-101.) The homestead may consist of a house and lot, a farm consisting of any number of acres, or a house trailer or other moveable home with a value not to exceed $6,000 which is being used as the residence of the debtor. (WS 1-20-104.)
Personal property which may be exempt from levy or sale upon execution, writ of attachment or any process issuing out of any court in the State of Wyoming, may include:
wearing apparel, including wedding rings, not to exceed $1,000.00 in value;
family bible, pictures and school books; a lot in any cemetery or burial ground; furniture, bedding, provisions and other household articles of any kind or character as the debtor may select, not exceeding in all the value of $2,000.00;
a motor vehicle not exceeding in value $2,400.00;
tools, team, implements or stock in trade of any person, used and kept for the purpose of carrying on his trade or business, not exceeding in value $2,000.00, or
the library, instruments and implements of any professional person, not exceeding in value $2,000.00. (WS 1-20-106.)
Other personal property which may be exempt from execution, attachment, garnishment or any other process issued by any court may include:
retirement plan,
pension or annuity and qualified medical savings account (WS 1-20-110.),
social security benefits and supplemental security income,
veteran's benefits,
black lung benefits,
personal opportunities with employment responsibilities (POWER) payments,
federal civil service and state retirement system benefits as provided in 5 U.S.C. 8346 and W.S. 9-3-426 and 9-3-620,
worker's compensation benefits and unemployment compensation benefits. (WS 1-17-102.)
A judgment debtor is generally entitled to a homestead exemption not to exceed $10,000 in value against execution and attachment arising from any debt, contract or civil obligation. (WS 1-20-101.) The homestead may consist of a house and lot, a farm consisting of any number of acres, or a house trailer or other moveable home with a value not to exceed $6,000 which is being used as the residence of the debtor. (WS 1-20-104.)
Personal property which may be exempt from levy or sale upon execution, writ of attachment or any process issuing out of any court in the State of Wyoming, may include:
wearing apparel, including wedding rings, not to exceed $1,000.00 in value;
family bible, pictures and school books; a lot in any cemetery or burial ground; furniture, bedding, provisions and other household articles of any kind or character as the debtor may select, not exceeding in all the value of $2,000.00;
a motor vehicle not exceeding in value $2,400.00;
tools, team, implements or stock in trade of any person, used and kept for the purpose of carrying on his trade or business, not exceeding in value $2,000.00, or
the library, instruments and implements of any professional person, not exceeding in value $2,000.00. (WS 1-20-106.)
Other personal property which may be exempt from execution, attachment, garnishment or any other process issued by any court may include:
retirement plan,
pension or annuity and qualified medical savings account (WS 1-20-110.),
social security benefits and supplemental security income,
veteran's benefits,
black lung benefits,
personal opportunities with employment responsibilities (POWER) payments,
federal civil service and state retirement system benefits as provided in 5 U.S.C. 8346 and W.S. 9-3-426 and 9-3-620,
worker's compensation benefits and unemployment compensation benefits. (WS 1-17-102.)
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