Missouri Bankruptcy Exemptions

On this page you can find all of the exemptions for Missouri. Exemptions are the property that you can keep when you file bankruptcy.

CATEGORY
PROPERTY
AMOUNT
STATUTE
Homestead
Homestead (consists of house and land used therewith)
$15,000
Mo. Rev. Stat. § 513.475
Motor Vehicle
Motor vehicles
$3,000 aggregate
Mo. Rev. Stat. § 513.430.1(5)
Wild Card
Choice of any other property whatsoever except 10% of any debt, income, salary or wages
$1,250 plus $350 per dependent minor child or disabled person (applies only to head of family)
Mo. Rev. Stat. § 513.440
Wild Card
Any property of debtor
$600
Mo. Rev. Stat. § 513.430.1(3)
Wages / Wage Garnishment
Net earnings after deduction required by law (includes wages, salary, commissions, bonuses, pensions and retirement payments)
For head of family - 90% OR 30 times the federal minimum hourly wage per, week whichever is greater. For any other person - 75% OR 30 times the federal minimum hourly wage per week, whichever is greater.
Mo. Rev. Stat. § 525.030(2)
Insurance
Unliquidated personal injury claims, state and fed. tax refunds
100% (but see In re Mahony, 374 BR 717 (Bank. W. D. Mo. 2007)
Mo. Rev. Stat. §513.427
Insurance
Life insurance benefits under assessment or stipulated premium plans
100%
Mo. Rev. Stat. § 377.090, 377.330
Insurance
Dividends, interest, or loan values of unmatured life insurance contracts more than 1 year old insuring debtor or person of whom debtor is a dependent
$150,000
Mo. Rev. Stat. § 513.430.1(8)
Insurance
Unmatured life insurance contracts, except credit life
100%
Mo. Rev. Stat. § 513.430.1(7)
Personal Property
Personal household furnishings & goods, wearing apparel, books, animals, crops, and musical instruments of debtor and dependents
$3,000
Mo. Rev. Stat. 513.430.1(1)
Personal Property
Burial lots
100%
Mo. Rev. Stat. § 214.190
Personal Property
Payments on account of the wrongful death of a person of whom the debtor was a dependent
Amount reasonably necessary to support debtor & dependents
Mo. Rev. Stat. § 513.430.1(11)
Personal Property
Health aids of debtor or dependents
100%
Mo. Rev. Stat. § 513.430.1(9)
Personal Property
Personal, family or household jewelry of debtor or dependents
$500 and $1,500 for wedding ring
Mo. Rev. Stat. § 513.430.1(2)
Pensions / Retirement Accounts
Retirement benefits-administrative judges & legal advisors
100%
Mo. Rev. Stat. § 287.820
Pensions / Retirement Accounts
Police relief and pension benefits
100%
Mo. Rev. Stat. § 86.190, 86.353, & 86.563
Pensions / Retirement Accounts
Teacher and school employee retirement benefits
100%
Mo. Rev. Stat. § 169.090, 169.380, 169.520 & 169.587
Pensions / Retirement Accounts
Retirement benefits-special consultants on retirement, aging
100%
Mo. Rev. Stat. § 104.610
Pensions / Retirement Accounts
Police department civilian employees' retirement benefits
100% (support claims excepted)
Mo. Rev. Stat. § 86.1430
Pensions / Retirement Accounts
Money or assets payable from, or an interest in, a retirement plan or IRA that is qualified under the I.R.C.
100%, except that fraudulent contributions and contributions made within 3 years of the date of filing are not exempt.
Mo. Rev. Stat. § 513.430.1(10)(f)
Pensions / Retirement Accounts
State employees' retirement benefits
100%
Mo. Rev. Stat. § 104.540
Pensions / Retirement Accounts
Payments under a stock-bonus, pension, profit-sharing, nonpublic retirement, annuity, or similar plan or contract, including debtor’s rights in deferred compensation programs offered by state or political subdivision thereof. ERISA plans included.
Amount reasonably necessary to support debtor & dependents (Payments under certain nonqualified plans are not exempt)
Mo. Rev. Stat. § 513.430.1(10)(e)
Pensions / Retirement Accounts
City employees' retirement benefits
100%
Mo. Rev. Stat. § 71.207
Pensions / Retirement Accounts
Local government employees' pension and retirement benefits
100%
Mo. Rev. Stat. § 70.695
Pensions / Retirement Accounts
Highway patrol and employees' retirement benefits
100%
Mo. Rev. Stat. § 104.250
Pensions / Retirement Accounts
Firemen's retirement & relief benefits
100%
Mo. Rev. Stat. § 87.090, 87.365 & 87.485
Tools of the Trade
Implements, books or tools of trade of debtor or dependent
$3,000
Mo. Rev. Stat. § 513.430.1(4)
Public Benefits
Workmen's compensation benefits
100%
Mo. Rev. Stat. § 287.260
Public Benefits
Social Security benefits, unemployment, compensation, public assistance benefits, veterans' benefits, and disability, illness or unemployment benefits
100%
Mo. Rev. Stat. § 513.430.1(10)(a), (b), ©
Miscellaneous
Tenants by entireties
100%
Mo. Rev. Stat. § 513.427 & 513.475(2)
Miscellaneous
Specific partnership property
100% of partner's interest
Mo. Rev. Stat. § 358.250
Miscellaneous
Financial responsibility deposits with state treasurer
100%
Mo. Rev. Stat. § 303.240(2)
Miscellaneous
Alimony, support or separate maintenance
$750 per month
Mo. Rev. Stat. § 513.430.1(10)(d)
Miscellaneous
Mobile home used as principal residence
$5,000
Mo. Rev. Stat. § 513.430.1(6)
Miscellaneous
Surviving Spouse of Judge--special consultant compensation
100%
Mo. Rev. Stat. § 476.539

If you want to learn more about filing bankruptcy in Missouri please visit our FAQ Page or for more information about Missouri you can visit the Missouri section.