Missouri Bankruptcy Forms - MO Bankruptcy Exemptions and Court Information

FEDERAL BANKRUPTCY EXEMPTIONS ARE NOT AVAILABLE All Bankruptcy law references are to Annotated Missouri Code unless otherwise noted.
ASSET	EXEMPTION	LAW PROVISION
HOMESTEAD	Real property to $15,000 or mobile home to $5,000 (joint owners may not double) Property held as tenancy for the entirety may be exempt against debts owed by only one spouse	513.430(6), 513.475 In re Anderson, 12 B.R. 483 (W.D. Mo. 1981)
INSURANCE	Assessment or insurance premium proceeds Disability or illness benefits Fraternal benefit society benefits to $5000, bought over 6 months before filing Life insurance dividends, loan value or interest to $5000, bought over 6 months before filing Life insurance proceeds if policy owned by woman & insures her husband Life insurance proceeds if policy owned by unmarried woman and insures her father or brother Stipulated insurance premiums Unmatured life insurance policy	377.090 513.430(10)(c) 513.430(8) 513.430(8) 376.530 376.550 377.330 513.430(7)
MISCELLANEOUS	Alimony, child support to $750 per month Property of business partnership	513.430(10(d) 358.250
PENSIONS	Employees of cities with 100,000 or more people ERISA-qualified benefits needed for support (only payments being received) Firefighters Highway & transportation employees Police Department employees State employees Teachers	71.207 513.430(10)(e) 87.090, 87.365, 87.485 104.250 86.190, 86.353, 86.493, 86.780 104.540 169.090
PERSONAL PROPERTY	Appliances, household goods, furnishings, clothing, books, crops, animals & musical instruments to $3,000 Burial grounds to 1 acre or $100 Health aids Jewelry to $500; Wedding Ring to $1,500 Motor vehicle to $3,000 Personal injury causes of action Wrongful death recoveries for person debtor depended on	513.430(1) 214.190 513.430(9) 513.430(2) 513.430(5) In re Mitchell, 73 B.R. 93 (E.D. Mo. 1987) 513.430(11)
PUBLIC BENEFITS	AFDC Social security Unemployment compensation Veterans’ benefits Workers’ compensation	513.430(10(a) 513.430(10)(a) 288.380(10(l), 53.430(10)(c) 513.430(10(b) 287.260
TOOLS OF TRADE	Implements, books & tools of trade to $3,000	513.430(4)
WAGES	Minimum 75% of earned but unpaid wages (90% for head of family); bankruptcy judge may authorize more for low-income debtors Wages of servant or common laborer to $90	525.030 513.470
WILD CARD	$1,250 of any property if head of family; head of family may claim an additional $350 per child	513.430(3), 513.440

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