Some of the most common bankruptcy exemptions in Missouri are listed below. The amounts listed for these exemptions may be higher for married couples. Missouri has opted out of the federal bankruptcy exemptions, and has created its own exemptions under state law. If you are considering filing for bankruptcy, it is a good idea to consult a local attorney familiar with Missouri laws.

• Homestead (equity in dwelling used as residence)
– Up to $15,000
– Up to $5,000 in motor home
• Equity in automobile
– Up to $3,000
• Personal property
– Up to $3,000 in furniture, clothing, books, crops, appliances, animals, and/or instruments
– Up to $1,500 in wedding ring or $500 in other jewelry
– Up to one acre or $100 in burial ground
– Professionally prescribed health aids
• Tools of the Trade
– Up to $3,000 in professional tools, books, and implements
• Wages
– At least 75% of unpaid wages, 90% for heads of family
• Insurance
– Disability or illness benefits
– Unmatured life insurance policies
– Life insurance proceeds
– Up to $5,000 in cash value, dividends, etc. of life insurance policy
– Up to $5,000 in fraternal benefit society benefits
• Pensions and retirement
– ERISA benefits necessary for support
– Employee spendthrift trusts
– State and large city (over 100,000 people) employee benefits
– Police, firefighter, and teacher benefits
– Public employee or officer benefits
• Public benefits
Unemployment benefits
– Workers’ compensation
– Public assistance
Crime victims’ compensation
– Social security
– Veterans’ benefits
• Alimony and child support
– Up to $750 a month in child support or alimony
• Other
– Wrongful death awards
– Health savings account
– Business partnership property
• Wildcard (exemption for personal property of your choice)
– Up to $600 in personal property, or if head of household up to $1,250 in personal property plus $350 for each dependent under age 21

Do I Need a Bankruptcy Lawyer?

If you are filing for bankruptcy in Missouri and have questions about how to move forward with the process, you may wish to consult a Missouri bankruptcy lawyer who can offer guidance about state law and help you keep some of your property and other assets.