Wyoming STATE LAW

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
– Domestic Judgment: 5 years
– Foreign Judgment: 5 years

BAD CHECK LAW DAMAGES:

– Twice the amount of check plus collection costs and attorney's fees

tape recording

– One party state

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]

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]