Missouri Bankruptcy Exemptions
What Exemptions are allowed when filing bankruptcy in Missouri?
Below is a list of some of the available Missouri bankruptcy exemptions. This list only identifies a small fraction of the exemptions available in Missouri and there are many exemptions (such as retirement accounts, life insurance, and trade tools) that are not listed and may be beneficial to you. Talk to a qualified Missouri bankruptcy attorney in your area to have all the available exemptions explained to you. Only a Missouri bankruptcy attorney can properly list and explain all of the applicable exemptions offered in Missouri.
Missouri Bankruptcy Exemptions
Homestead |
$15,000 |
Household furnishings |
$3,000 |
Jewelry |
$500.00 |
Wedding ring |
$1,500 |
Any mobile home used as the principal residence |
$5,000 |
Motor vehicle |
$5,000 |
Tools of trade |
$3,000 |
Missouri Bankruptcy Disclosures
The Missouri Supreme Court advises that a decision on legal services is important and should not be based solely on advertisements. Free Background information is available upon request to a Missouri attorney. The listing of any area of practice by a Missouri attorney does not indicate any certification of expertise therein. A Missouri attorney must provide free background information upon request. There is no procedure for approving certifying organizations.
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