Missouri WildCard Exemption

 

Almost every state has an exemption for "any property" which is sometimes called the "wildcard" or "grubsteak" exemption. Generally this exemption is useful because it can be combined with other exemptions to fully protect equity that might otherwise go unprotected.

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Wildcard Exemptions — State System

Missouri Law Exemptions

$1,250 of any property if head of family, else $600; head of family may claim additional $350 per dependent child under age 21.

Federal Non-Bankruptcy Wildcard Exemptions (none)

Wildcard Exemptions -- Federal System § 522(d)

Can Missouri debtors use the Federal Bankruptcy exemptions instead of Missouri exemptions?

No. Mo. Rev. Stat. § 513.427.

The Federal Bankruptcy Exemptions under 11 U.S.C. § 522(d) are available to you if

  • you haven't lived in any state longer than 180 days for a while,
  • or
  • if your state allows the Federal exemptions as a choice.


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Jurisdictional relevance: ST

There are versions of this article for each State.