Missouri Bankruptcy Exemptions
Only The State Exemptions are Allowed
Homestead |
$15,000 |
Household furnishings, household goods, wearing apparel, appliances, books, animals, crops or musical instruments that are held primarily the use of the debtor and his dependents |
$3,000 |
Jewelry |
$500 |
Wedding ring |
$1,500 |
Any mobile home used as the principal residence |
$5,000 |
Professional heath aids for the debtor or his dependents |
No Limit |
Motor vehicle |
$3,000 |
If the debtor is the head of a family, he may select and hold, exempt from execution, any other property, real, personal or mixed, or debts and wages, not exceeding in value the amount of $850.00 plus $250.00 for each of such person's unmarried dependent children under the age of eighteen years, except 10% of any debt, income, salary or wages due such head of a family. (Section 513.440.) |
|
Tools of Trade |
$3,000 |
NOTE: These are the major bankruptcy exemptions.
Check with your bankruptcy lawyer for a full exemptions list.
