Wyoming Bankruptcy Lawyers

Before you declare bankruptcy in Wyoming, you need to know some basic information. First of all, if you wish to file Chapter 7 bankruptcy, your annual income must be less than the previous year's average income in Wyoming. If it is, you may file for Chapter 7 and eliminate a large amount of your debt. If it isn't, you will have to file Chapter 13. Under Chapter 13, your debt will be restructured, and you will have three to five years to pay it off. Either way, you won't have to liquidate all of your assets-some can be protected.