Missouri Bankruptcy Exemptions 2020

3,728 families have filed bankruptcy using Upsolve

Written by Upsolve Team.  
Updated August 5, 2020

In a Nutshell

It's important to understand what the exemptions for Missouri are and how they're most often used in a bankruptcy case.

How Do Exemptions Work?

When you file for Chapter 7 bankruptcy, one of the biggest questions is whether or not you will be able to keep your property.

That depends on which property exemptions you can use on your bankruptcy forms. They are called exemptions because they “exempt” -- or “excuse” -- certain property from being taken. In most cases, exemptions protect most day-to-day items that you own, unless you have expensive property like a house or a car.

Certain exemptions protect entire categories of property like retirements accounts, regardless of value. Other exemptions only protect specific property like a vehicle up to a certain value.

If you're looking for a deep understanding of bankruptcy exemptions, read this article.

Does Missouri allow federal exemptions?

Missouri does not recognize the federal exemptions.

Every state has its own set of property exemptions. And some states also allow you choose between their exemptions and a set of federal bankruptcy exemptions. When they do, they will generally let you to choose the system that is the best fit for you. Although some states allow you to use the federal bankruptcy exemptions, others do not.

Missouri Exemptions

11 U.S.C. § 522(b)(3)(C)

Most people use 11 U.S.C. § 522(b)(3)(C) to cover tax exempt retirement accounts. For single debtors filing, it has no coverage limit.

5 U.S.C. §§ 8437(e)(g), 11 U.S.C. § 541(c)(2)

Most people use 5 U.S.C. §§ 8437(e)(g), 11 U.S.C. § 541(c)(2) to cover thrift savings plan. For single debtors filing, it has no coverage limit.

Mo. Rev. Stat. § 104.540; Mo. Rev. Stat. § 104.250; Mo. Rev. Stat. § 104.610

Most people use Mo. Rev. Stat. § 104.540; Mo. Rev. Stat. § 104.250; Mo. Rev. Stat. § 104.610 to cover state employee retirement. highway and transportation employees. special consultants pensions. For single debtors filing, it has no coverage limit.

Mo. Rev. Stat. § 169.090

Most people use Mo. Rev. Stat. § 169.090 to cover teachers. For single debtors filing, it has no coverage limit.

Mo. Rev. Stat. § 287.260

Most people use Mo. Rev. Stat. § 287.260 to cover workers' compensation. For single debtors filing, it has no coverage limit.

Mo. Rev. Stat. § 287.820

Most people use Mo. Rev. Stat. § 287.820 to cover administrative judges, legal advisors. For single debtors filing, it has no coverage limit.

Mo. Rev. Stat. § 358.250

Most people use Mo. Rev. Stat. § 358.250 to cover property of business partnership. For single debtors filing, it has no coverage limit.

Mo. Rev. Stat. § 377.090

Most people use Mo. Rev. Stat. § 377.090 to cover life insurance proceeds. For single debtors filing, it has no coverage limit.

Mo. Rev. Stat. § 456.014

Most people use Mo. Rev. Stat. § 456.014 to cover employee spendthrift trust. For single debtors filing, it has no coverage limit.

Mo. Rev. Stat. § 513.430 1.(1)

Most people use Mo. Rev. Stat. § 513.430 1.(1) to cover household goods. musical instruments. clothes. non-farm animals. crops.. For single debtors filing, it has a coverage limit of $3,000.

Mo. Rev. Stat. § 513.430 1.(10) (f)

Most people use Mo. Rev. Stat. § 513.430 1.(10) (f) to cover retirement plan. For single debtors filing, it has no coverage limit.

Mo. Rev. Stat. § 513.430 1.(10)(a)

Most people use Mo. Rev. Stat. § 513.430 1.(10)(a) to cover public assistance, earned income tax credit (not child credit). For single debtors filing, it has no coverage limit.

Mo. Rev. Stat. § 513.430 1.(10)(b)

Most people use Mo. Rev. Stat. § 513.430 1.(10)(b) to cover veterans' benefits. For single debtors filing, it has no coverage limit.

Mo. Rev. Stat. § 513.430 1.(10)(c)

Most people use Mo. Rev. Stat. § 513.430 1.(10)(c) to cover social security. unemployment. disability benefit. For single debtors filing, it has a coverage limit of $4,000.

Mo. Rev. Stat. § 513.430 1.(10)(d)

Most people use Mo. Rev. Stat. § 513.430 1.(10)(d) to cover alimony and child support - to $750 per month. For single debtors filing, it has a coverage limit of $750.

Mo. Rev. Stat. § 513.430 1.(11)

Most people use Mo. Rev. Stat. § 513.430 1.(11) to cover wrongful death recoveries. For single debtors filing, it has no coverage limit.

Mo. Rev. Stat. § 513.430 1.(2)

Most people use Mo. Rev. Stat. § 513.430 1.(2) to cover wedding rings. For single debtors filing, it has a coverage limit of $1,500.

Mo. Rev. Stat. § 513.430 1.(2)

Most people use Mo. Rev. Stat. § 513.430 1.(2) to cover jewelry (other than wedding rings). For single debtors filing, it has a coverage limit of $500.

Mo. Rev. Stat. § 513.430 1.(4)

Most people use Mo. Rev. Stat. § 513.430 1.(4) to cover tools of trade. For single debtors filing, it has a coverage limit of $3,000.

Mo. Rev. Stat. § 513.430 1.(5)

Most people use Mo. Rev. Stat. § 513.430 1.(5) to cover automobiles. For single debtors filing, it has a coverage limit of $3,000. This exemption has a limit to the number of assets it can cover.

Mo. Rev. Stat. § 513.430 1.(6)

Most people use Mo. Rev. Stat. § 513.430 1.(6) to cover motor home (one). For single debtors filing, it has a coverage limit of $3,000. This exemption has a limit to the number of assets it can cover.

Mo. Rev. Stat. § 513.430 1.(7)

Most people use Mo. Rev. Stat. § 513.430 1.(7) to cover unmatured life insurance. For single debtors filing, it has no coverage limit.

Mo. Rev. Stat. § 513.430 1.(8)

Most people use Mo. Rev. Stat. § 513.430 1.(8) to cover fraternal benefit (unmatured, loan, minus property transfered). For single debtors filing, it has a coverage limit of $150,000.

Mo. Rev. Stat. § 513.430 1.(9)

Most people use Mo. Rev. Stat. § 513.430 1.(9) to cover health aids. For single debtors filing, it has no coverage limit.

Mo. Rev. Stat. § 513.430. 1.(12)

Most people use Mo. Rev. Stat. § 513.430. 1.(12) to cover firearms & ammunition. For single debtors filing, it has a coverage limit of $1,500.

Mo. Rev. Stat. § 525.030

Most people use Mo. Rev. Stat. § 525.030 to cover wages - 75% or 30 times the federal minimum hourly wage. For single debtors filing, it has no coverage limit.

Mo. Rev. Stat. § 595.025

Most people use Mo. Rev. Stat. § 595.025 to cover crime victim compensation. For single debtors filing, it has no coverage limit.

Mo. Rev. Stat. § 70.695

Most people use Mo. Rev. Stat. § 70.695 to cover public employee retirement. For single debtors filing, it has no coverage limit.

Mo. Rev. Stat. § 86.190; Mo. Rev. Stat. § 86.353; Mo. Rev. Stat. § 86.1430

Most people use Mo. Rev. Stat. § 86.190; Mo. Rev. Stat. § 86.353; Mo. Rev. Stat. § 86.1430 to cover police employee pension. For single debtors filing, it has no coverage limit.

Mo. Rev. Stat. § 87.090; Mo. Rev. Stat. § 87.365; Mo. Rev. Stat. § 87.485

Most people use Mo. Rev. Stat. § 87.090; Mo. Rev. Stat. § 87.365; Mo. Rev. Stat. § 87.485 to cover firefighter pension. For single debtors filing, it has no coverage limit.

Mo. Rev. Stat. § 513.430 1.(3)

Most people use Mo. Rev. Stat. § 513.430 1.(3) to cover wildcard. For single debtors filing, it has a coverage limit of $600.

It's easy to get help

Choose one of the options below to get assistance with your bankruptcy:

Free Web App

Take our bankruptcy screener to see if you're a fit for Upsolve's free web app!

Take Screener
3728 families have filed with Upsolve! ☆
OR

Private Attorney

Get a free bankruptcy evaluation from an independent law firm.

Find Attorney
3254 people found attorneys this month

Upsolve is a 501(c)(3) nonprofit that started in 2016. Our mission is to help low-income families who cannot afford lawyers file bankruptcy for free, using an online web app. Spun out of Harvard Law School, our team includes lawyers, engineers, and judges. We have world-class funders that include the U.S. government, former Google CEO Eric Schmidt, and leading foundations. It's one of the greatest civil rights injustices of our time that low-income families can’t access their basic rights when they can’t afford to pay for help. Combining direct services and advocacy, we’re fighting this injustice.

To learn more, read why we started Upsolve in 2016, our reviews from past users, and our press coverage from places like the New York Times and Wall Street Journal.

Close

Considering Bankruptcy?

Try our 100% free tool that thousands of low-income families across the country have used to file bankruptcy themselves. We are funded by Harvard University, will never ask you for a credit card, and you can stop at any time.

File Bankruptcy in Missouri