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Mississippi Bankruptcy Info

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Mississippi Bankruptcy Information

Aberdeen  .  Greenville  .  Gulfport  .  Hattiesburg  .  Jackson  .  Oxford  . 

Mississippi Median Income Standards

 

Mississippi Bankruptcy Exemptions

Mississippi Homestead

Property you own & occupy to $75,000; if over 60 and married or widowed may claim a former residence; property cannot exceed 160 acres; sale proceeds exempt
Mobile home (as personal property) to $30,000 (Mobile home does not qualify as homestead unless you own land on which it is located)

Vehicle

No specific exemption

Wages

Earned but unpaid wages owed for 30 days; after 30 days, minimum 75% of earned but unpaid weekly disposable earnings, or 30 times the federal hourly minimum wage, whichever is greater (bankruptcy judge may authorize more for low-income debtors)

Personal property & Tools of Trade

Tangible personal property to $10,000: any items worth less than $200 each; furniture, dishes, kitchenware, household goods, appliances, 1 radio & 1 TV, 1 firearm, 1 lawnmower, clothing, wedding rings, motor vehicles, tools of the trade, books, crops, health aids, domestic animals (does not include works of art, antiques, jewelry, or electronic entertainment equipment)

WildCard

$50,000 of any property, whether real, personal or mixed, tangible or intangible, including deposits of money, available to any Mississippi resident who is 70 years of age or older.

More info About __ Bankrutpcy Exemptions including citations.

Mississippi Bankruptcy Courts

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