Missouri Bankruptcy Exemptions

Federal bankruptcy exemptions are not available in the State of Missouri.

There is certain property that is exempt or excluded that the debtor can keep. Property and asset exemptions are determined based upon your personal situation, personal income and state laws.

This is a list of some of the available exemption in the State of Missouri. You can obtain and more detailed list of exemptions by contacting a qualified Missouri bankruptcy attorney in your area. They will be able to list and explain all of the state exemptions. There is certain property, which is excluded or exempt that the debtor can keep based on their specific situation and personal income.

The best way to determine which exemptions to utilize is to meet with a qualified and proven bankruptcy attorney which can evaluate your individual case and guide you through the process. Contact an attorney today.


Homestead: Real property to $15,000 or mobile home to $5,000 (joint owners may not double), Property held as tenancy by the entity may be exempt against debts owed by only one spouse

Pensions: Tax-exempt retirement accounts, including 401(k)s, 403(b)s, SEP and SIMPLE IRAs, defined benefit plans and profit sharing and money purchase plans. ERISA qualified benefits, ROTH IRAs, Keoghs and other retirement accounts needed for support, Traditional and ROTH IRAs to $1,095,000 per person, Employee benefit spendthrift trust, Highway and transportation employees, Firefighters, Police department employees, Public officers and employees, Teachers, State employees, Employees of cities with 100,000 or more in population

Insurance: Un-matured life insurance policy, Life insurance proceeds if policy owned by unmarried woman and insures her father or brother, Stipulated insurance premiums, Disability or illness benefits, Assessment plan or life insurance proceeds, fraternal benefit society benefits to $5,000, bought over 6 months prior to filing bankruptcy, Life insurance loan value, dividends, or interest to $150,000, bought 6 months before filing bankruptcy

Miscellaneous: Property of business partnership, Alimony, child support to $750 per month

Personal Property: Burial grounds to 1 acre or $100, Health aids, Appliances, furnishings, household goods, books, crops, clothing, animals and musical instruments to $3,000 total, Motor vehicle to $3,000, Personal injury causes of action, Wrongful death recoveries for person needed for support, Wedding ring to $1,500 and other jewelry to $500

Public Benefits: Workers’ compensation, Unemployment compensation, Veterans’ benefits, Social Security, Crime victims’ compensation, Public assistance

Wages: Minimum 75% of weekly earnings or 30 times the federal minimum hourly wage (90% of weekly earnings for head of household), whichever is greater; bankruptcy judge may authorize more for low-income families, Wages of servant or common laborer to $90, Tools of Trade: Books, implements, and tools of trade to $3,000

Wildcard: $1,250 of any property if head of household, else $600; head of family may, claim an additional $350 per dependent child

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