Provide certain classes of property protections from creditor collections

HB 2103 would exempt certain essential assets from creditor collection for West Virginia residents who fall behind on consumer debt. It protects up to the minimum wage (50 hours/week, 52 weeks/year), the first $5,000 of homestead value, retirement accounts (like 401(k)s and IRAs), disability benefits, prepaid college funds, life insurance proceeds, and Social Security income. Wages exceeding the minimum wage threshold remain subject to garnishment. The bill directly affects individuals with consumer debt by shielding key financial resources from seizure.