Provide certain classes of property protections from creditor collections

HB 4535 would protect certain assets from being taken by creditors in West Virginia for unpaid consumer debts. It applies to permanent residents and specifically shields: minimum-wage earnings (up to 40 hours/week), homesteads valued at $5,000 or less, retirement accounts (like IRAs and 401ks), disability/death benefits, prepaid college funds, life insurance proceeds, and Social Security income. These assets cannot be seized through wage garnishment, judgment collection, or other creditor actions. The bill directly affects West Virginia residents facing debt collection efforts, particularly those relying on these specific income sources or assets. It creates clear, concrete exemptions without altering existing debt collection laws beyond these defined protections.