This page provides general legal information and calculation tools, not legal advice. DocketMath is not a law firm and does not provide legal representation, and using this site does not create an attorney-client relationship. Laws change and exceptions apply, so deadlines and amounts specific to your situation should be confirmed with a licensed attorney in your jurisdiction.

Bankruptcy Exemption in Missouri

Missouri’s bankruptcy exemption for a debtor’s interest in a motor vehicle is capped at $15,000 under state law. This limit is set by Mo. Rev. Stat. § 513.430, which incorporates the general exemption framework in § 513.427. The $15,000 figure applies to the equity the debtor holds in the vehicle, defined as the vehicle’s fair market value minus any outstanding liens or loans secured by it. If the equity exceeds this amount, the trustee may sell the vehicle, pay the exemption to the debtor, and distribute the surplus to creditors. Additional exemptions for other property are governed by separate provisions, including § 513.475 and § 525.030. The official statute at revisor.mo.gov provides the exact text. Use the calculator above to estimate the exemption based on specific vehicle equity.

Governing authority

In Missouri, the bankruptcy exemption rule is set by Mo. Rev. Stat. §§ 513.427, 513.430, 513.475, 525.030. The verified packet cites Mo. Rev. Stat. §§ 513.427, 513.430, 513.475, 525.030 (https://revisor.mo.gov/main/OneSection.aspx?section=513.427).

Missouri bankruptcy exemption: the verified value is $15,000 under Mo. Rev. Stat. §§ 513.427, 513.430, 513.475, 525.030. The verified packet cites Mo. Rev. Stat. §§ 513.427, 513.430, 513.475, 525.030 (https://revisor.mo.gov/main/OneSection.aspx?section=513.427).

Estimate your own result: every situation has exceptions that can change the outcome. Use the bankruptcy exemption calculator to estimate your specific figure.

This page provides general legal information and calculation tools, not legal advice. DocketMath is not a law firm and does not provide legal representation, and using this site does not create an attorney-client relationship. Laws change and exceptions apply, so deadlines and amounts specific to your situation should be confirmed with a licensed attorney in your jurisdiction.