Wyoming Debt Relief

The Credit Card Debt law in Wyoming gives creditors 4 years to file suit over unpaid Credit Card Debt. This time limit is called a Statute of Limitations (SOL) and it starts from the day when the consumer first misses a payment. Subsequent partial payments will reset the SOL to start again from the date of the payment. When a summons is served on a debtor, an answer should be filed within 20 days, preferably by certified mail, to avoid automatic judgment in the creditor’s favor.

Judgment Enforcement

Wyoming judgments are in force for 5 years from the date of entry or date of last execution. Interest charged on judgments will match that of the contract. Dorman judgments may be revived within 21 years, or 15 years in the case of a minor. Creditors may lien both personal and real property to satisfy the judgment. However, the law provides for a homestead exemption up to $10,000 per titled owner of the real property.

Garnishment of wages is allowed up to 25% of disposable earnings, or that amount in excess of 30 times the federal minimum hourly wage for a given week. Writs for garnishment remain in effect for 90 days or until the judgment is satisfied.

Debt Settlement

Debt Settlement is a solution that helps consumers to sidestep court judgments by working out a payment plan free of interest. This gives consumers a say in how much they pay and how often they pay the debt. It also helps avoid a painful bankruptcy.