Though not included in the Missouri statutory homestead exemption, a court has held that property owned as a tenancy by the entirety by a married couple may be exempt if only one of the spouses owes the debt. A court has also held that a cause of action for personal injury is exempt from bankruptcy.
| Missouri Bankruptcy Exemptions |
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| Assets |
Exemption |
State Statute |
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| Homestead |
Real property: up to $15,000 for single or joint owners. |
513.475 |
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Mobile home: up to $5,000 for single or joint owners. |
513.430(6) |
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| Insurance |
Life insurance proceeds: all if policy is owned by a woman and insures
her husband. |
376.530 |
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Life insurance proceeds: all if policy is owned by an unmarried woman and
insures her father or brother. |
376.550 |
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Life insurance proceeds or assessment plan: all. |
377.090 |
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Stipulated insurance premiums: all. |
377.330 |
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Life insurance policy (unmatured): all. |
513.430(7) |
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Benefits from fraternal benefit society: up to $5,000 for policy
purchased over 6 months before filing for bankruptcy. |
513.430(8) |
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Life insurance dividends/loan value/interest: up to $150,000 for policies
purchased over 6 months before filing for bankruptcy. |
513.430(8) |
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Disability or illness benefits: all. |
513.430(10)(c) |
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| Miscellaneous |
Property belonging to a business partnership: all. |
358.250 |
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Child support or alimony: up to $750 per month. |
513.430(10)(d) |
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| Pensions |
Federal pension exemptions. |
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Pensions of employees of cities with 100,000 or more people. |
71.207 |
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Public officer and employee pensions: all. |
70.695; 70.755 |
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Police department employee pensions: all. |
86.190; 86.353; 86.1430 |
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Firefighter pensions: all. |
87.090; 87.365; 87.485 |
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Pensions for employees of highway and transportation departments: all. |
104.250 |
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State employee pensions: all. |
104.540 |
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Teacher pensions: all. |
169.090 |
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Employee benefit spendthrift trust: all. |
456.014 |
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IRAs, Roth IRAs, ERISA qualified benefits, and other retirement accounts:
all necessary for support. |
513.430(10)(e), (f) |
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| Personal Property |
Burial grounds: up to $100 for up to 1 acre. |
214.190 |
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Household goods and furnishings, appliances, clothing, books, musical
instruments, animals, and crops: up to $3,000 total. |
513.430(1) |
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Wedding rings: up to $1,500. |
513.430(2) |
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Other jewelry: up to $500. |
513.430(2) |
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Motor vehicle: up to $3,000. |
513.430(5) |
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Health aids: all professionally prescribed. |
513.430(9) |
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Recoveries for wrongful death of person on whom debtor was dependent:
all. |
513.430(11) |
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| Public Benefits |
Workers compensation benefits: all. |
287.260 |
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Unemployment compensation benefits: all. |
288.380(10)(l);
513.430(10)(c) |
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Public assistance benefits: all. |
513.430(10)(a) |
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Social Security benefits: all. |
513.430(10)(a) |
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Veteran's benefits: all. |
513.430(10)(b) |
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Crime victim's compensation benefits: all. |
595.025 |
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| Tools of Your Trade |
Tools of trade, implements, books: up to $3,000 total. |
513.430(4) |
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| Wages |
Wages of common laborer or servant: up to $90 total. |
513.470 |
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Wages: at least 75% of the weekly earnings for someone other than the
head of household and at least 90% of the weekly earnings for head of
household or 30 times the federal minimum hourly wage, whichever is greater.
The bankruptcy judge may allow a larger exemption for low-income debtors. |
525.030 |
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| Wildcard |
For nonhead of household, any property: up to $600. |
513.430(3) |
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For head of household, any property: up to $1,250 plus up to an
additional $350 for each child. |
513.440 |
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