Mississippi Bankruptcy Exemptions
|
FEDERAL BANKRUPTCY EXEMPTIONS ARE NOT AVAILABLE
All Bankruptcy law references are to Mississippi Code unless noted. |
|
ASSET |
EXEMPTION |
LAW PROVISION |
|
HOMESTEAD
|
Property occupied by debtor unless over 60 & married or widowed, to $75,000; property cannot exceed 160 acres; sales proceeds exempt
May file homestead declaration |
85-3-1(b)(i), 85-3-21,
85-3-23
85-3-27, 85-3-31 |
|
INSURANCE |
Disability benefits
Fraternal benefit society benefits
Homeowners insurance proceeds to $75,000
Life insurance proceeds if clause prohibits proceeds from being used to pay beneficiarys creditors |
85-3-1(b)(ii)
83-29-39
85-3-25
83-7-5 |
|
MISCELLANEOUS |
Property of business partnership |
79-12-49 |
|
PENSIONS |
ERISA-qualified benefits deposited over 1 year before filing
Firefighters
Highway patrol officers
IRAs deposited over 1 year before filing bankruptcy
Keoughs deposited over 1 year before filing bankruptcy
Private retirement benefits to extent tax-deferred
Police officers
Public employees retirement & disability benefits
State employees
Teachers |
85-3-1(b)(iii)
21-29-257
25-13-31
85-3-1(b)(iii)
85-3-1(b)(iii)
71-1-43
21-29-257
25-11-129
25-14-5
25-11-201(1)(d) |
|
PERSONAL PROPERTY |
Tangible personal property of any kind to $10,000
Personal injury judgments to $10,000
Proceeds for exempt property |
85-3-1(a)
85-3-17
85-3-(b)(i) |
|
PUBLIC BENEFITS |
Assistance to aged
Assistance to blind
Assistance to disabled
Crime victims compensation
Social security
Unemployment compensation
Workers compensation |
43-9-19
43-3-71
43-29-15
99-41-23
25-11-129
71-5-539
71-3-43 |
|
TOOLS OF TRADE |
SEE PERSONAL PROPERTY |
|
|
WAGES |
Earned but unpaid wages owed for 30 days; after 30 days, minimum 75% (bankruptcy judge may authorize more for low income debtors) |
85-3-4 |
|
WILD CARD |
Up to $50,000 of any property, if you are a Mississippi resident over 70 years of age |
|
Miss.Bankruptcy Courts
See the list below for Bankruptcy Courts by District. Click on the District link to go directly to that Bankruptcy Court's web site.
| BANKRUPTCY COURTS |
NUMBER OF COPIES |
Northern District
(mailing address)
P.O. Drawer 867
Aberdeen, MS 39730
(physical address)
301 West Commerce St.
Aberdeen, MS 39730-0867
Telephone: (601) 369-2596
|
contact clerks office |
Southern District
Jackson Division
P.O. Drawer 2448 39225
100 East Capitol St.Room 101
Jackson, MS 39201
Telephone: (601) 965-5301
Biloxi Division
P.O. Box 1280
725 Lashington Loop, Ste. 117
Biloxi, MS 39530
Telephone: (601) 432-5542
|
contact clerks office
|
Limited Time Offer! Download Your Mississippi Bankruptcy Forms Software Today And Save 50% During Our April Sale!
Learn More>>
|
| Mississippi Bankruptcy Software For Consumers Is Now Available |
| Filing Bankruptcy In Mississippi Has Never Been Easier! |
We Feature:
 Mississippi Bankruptcy Forms Software
Latest Updates For 2026 Included
Guidelines for Chapter 7 or 13 Bankruptcies
Latest Mississippi Bankruptcy Exemptions
Save Hundreds or more on Attorney Fee's
Handles All The Math as You Fill Out Your Forms
Saves Your Work as You Type
Online Help 24/7 Support
No PDF or Word Software required
Guaranteed Court Acceptance
Instant Download
|
| Learn More>> |
|
