Missouri Bankruptcy

Considering filing Chapter 7 bankruptcy to get out of debt? Take the first step and talk to a local Missouri bankruptcy attorney today.

We’ll connect you to a Missouri bankruptcy lawyer in your area—for free and with no obligation. Just plug in your ZIP code below and fill out a simple 2-minute bankruptcy evaluation form to get started.

Missouri Chapter 7 Bankruptcy Exemptions

If you live in Missouri and are considering a Chapter 7 bankruptcy filing, you may be wondering what to expect from you case.

We have the resources to connect you with a Missouri bankruptcy lawyer who can answer your pressing bankruptcy questions. All you need to do is fill out the above free online case evaluation form or call 877-226-6844 and we’ll put you in touch with a Missouri bankruptcy attorney practicing in your area.

Understanding Missouri’s Chapter 7 Bankruptcy Process

You may have heard Chapter 7 bankruptcy referred to as a “liquidation”, which is when some of your property may be sold to pay off what you owe. In other words, your bankruptcy trustee can sell off any of your personal belongings not protected by Missouri bankruptcy law to raise money to pay your creditors.

So which of your possessions cannot be sold during bankruptcy? Exemptions depend on where you live. Missouri’s Chapter 7 exemptions include the following:

Homestead: A residence worth up to $15,000.

Wages:

• 90 percent of gross earnings for the head of household.
• 75 percent of gross earnings for all other debtors.

Vehicle: Up to $3,000 worth of automobiles.

Personal Property:

• Up to $3,000 worth of household furnishings, household goods, clothing, appliances, books, animals, crops and musicals instruments.
• Up to $1,500 worth of wedding rings.
• Up to $500 worth of other jewelry.
• Up to $600 worth of miscellaneous property.
• Up to $3,000 worth of trade books, tools or implements.
• Any mobile home house as a primary residence worth up to $5,000.

Questions? Contact a Missouri Chapter 7 Bankruptcy Lawyer

We can connect you with a Missouri bankruptcy lawyer who can help you sort through the toughest parts of your case.

All you have to do is call us at 877-226-6844 or fill out the above free bankruptcy evaluation form. We’ll put you in touch with a bankruptcy lawyer near you as soon as possible.

Why wait to take the next step toward financial renewal? Contact Chapter7.com today.

Note: Keep in mind all laws are complex. If you need legal advice or want to fully understand how these laws affect you, please speak with a local attorney.

Laws may have changed since our last update. For the latest information on your state’s bankruptcy laws, speak to a local bankruptcy lawyer.