An exemption that can be used to protect any property that is not otherwise protected.
Learn more about "Wildcard Exemption"
The federal bankruptcy exemptions include a wildcard exemption as do many (but not all) of the states. The wildcard is usually limited by a certain dollar amount and in some cases can be increased if no homestead exemption is claimed.
The following opt-out states provide a wildcard exemption (amounts current as of 10/29/2020):
|State||Wildcard Exemption Amount|
|Missouri||$600+ (based on family size)|