Bankruptcy Law (Title 11 of the United States Code) allows the debtor to claim exemptions to protect their equity in real or personal property and some rights-such as a workers compensation claim- when filing Chapter 7 or 13 bankruptcy.
Generally speaking, a person who files a Chapter 7 or 13 bankruptcy in Missouri would use Missouri's exemption laws, and perhaps some Federal law exemptions.
Property, possessions or rights that are not fully protected by exemptions might become the target of a seizure & sale by the bankruptcy trustee, an administrative official charged with representing the interests of the creditors of the bankrupt debtor.
Exemptions to Protect a Motor Vehicle from Creditors or a Seizure & Sale by the Bankruptcy Trustee
There is a specific exemption in Missouri law for motor vehicle(s), ?513.430.1(5) [Protecting] "Any motor vehicle in the aggregate, not to exceed three thousand dollars in value..."
There are 2 exemptions that can potentially be stacked on the vehicle exemption, increasing the dollar amount of protection:
#1. Head of Household ?513.440 (allows $1250 + $350 for each additional dependent under the age of 18)
#2 "Wildcard" ?513.430.1(3) (allows $600)
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