What happens to my bicycle after bankruptcy in Wyoming?
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Most people are not able to protect bicycle in Wyoming chapter 7 bankruptcy cases.
Wyoming does not allow the use of federal exemptions. You will have to use the state exemption scheme.
Under that scheme, most people are not able to exempt bicycle in a Wyoming bankruptcy case.
Here is a list of some statutes available in Wyoming that are available for filers.
It is worth taking your time on these exemptions. If you do not cover an asset with an exemption in a Wyoming bankruptcy case, it may be seized by a trustee. If you do not feel comfortable with these decisions and want assistance, read more about exemptions or consider using our free bankruptcy help.
When filing Chapter 7 or Chapter 13 bankruptcy you must report your assets. Exemptions are the laws that allow you to protect those assets from being taken by a Trustee. Take your time with this so you avoid losing property.