Missouri Bankruptcy Exemptions

Federal bankruptcy exemptions available? NO

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.

The references to Missouri statutes are to the Missouri Revised Statutes.

Resources:

United States Bankruptcy Court, Eastern District of Missouri

United States Bankruptcy Court, Western District of Missouri

Missouri Bankruptcy Attorneys

Missouri Bankruptcy Exemptions
Assets Exemption State Statute
Homestead Real property: up to $15,000 for single or joint owners. 513.475
Mobile home: up to $5,000 for single or joint owners. 513.430(6)
Insurance Life insurance proceeds or assessment plan: all. 377.090
Stipulated insurance premiums: all. 377.330
Life insurance policy (unmatured): all. 513.430(7)
Benefits from fraternal benefit society. 513.430(8)
Life insurance dividends/loan value/interest: up to $150,000 for policies purchased over 6 months before filing for bankruptcy. 513.430(8)
Disability or illness benefits: all. 513.430(10)(c)
Miscellaneous Property belonging to a business partnership: all. 358.250
Child support or alimony: up to $750 per month. 513.430(10)(d)
Pensions Federal pension exemptions.
Pensions of employees of cities with 100,000 or more people. 71.207
Public officer and employee pensions: all. 70.695; 70.755
Police department employee pensions: all. 86.190; 86.353; 86.1430
Firefighter pensions: all. 87.090; 87.365; 87.485
Pensions for employees of highway and transportation departments: all. 104.250
State employee pensions: all. 104.540
Teacher pensions: all. 169.090
Employee benefit spendthrift trust: all. 456.014
IRAs, Roth IRAs, ERISA qualified benefits, and other retirement accounts: all necessary for support. 513.430(10)(e), (f)
Personal Property Burial grounds: up to $100 for up to 1 acre. 214.190
Household goods and furnishings, appliances, clothing, books, musical instruments, animals, and crops: up to $3,000 total. 513.430(1)
Wedding rings: up to $1,500. 513.430(2)
Other jewelry: up to $500. 513.430(2)
Motor vehicle: up to $3,000. 513.430(5)
Health aids: all professionally prescribed. 513.430(9)
Recoveries for wrongful death of person on whom debtor was dependent: all. 513.430(11)
Public Benefits Workers compensation benefits: all. 287.260
Unemployment compensation benefits: all. 288.380(10)(l); 513.430(10)(c)
Public assistance benefits: all. 513.430(10)(a)
Social Security benefits: all. 513.430(10)(a)
Veteran's benefits: all. 513.430(10)(b)
Crime victim's compensation benefits: all. 595.025
Tools of Your Trade Tools of trade, implements, books: up to $3,000 total. 513.430(4)
Wages Wages of common laborer or servant: up to $90 total. 513.470
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
Wildcard For nonhead of household, any property: up to $600. 513.430(3)
For head of household, any property: up to $1,250 plus up to an additional $350 for each child. 513.440