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Bankruptcy Clinic
c/o Ted Tinsman, Attorney
901 E. St. Louis, Ste. 1200
Springfield, MO 65806
Phone: 417 4NO-DEBT (466-3328)

Ted L. Tinsman Attorney at Law, Attorneys & Lawyers, Springfield, MO
National Association of Consumer Bankruptcy Attorneys

General Information


Bankruptcy Clinic • Springfield, Missouri • Bankruptcy Exemptions Lawyer

When you file for bankruptcy–either Chapter 7 bankruptcy, Chapter 11 bankruptcy, or Chapter 13 bankruptcy –certain types of property may be partially or completely exempt from bankruptcy proceedings. That means you can file for bankruptcy and you will still be allowed to keep some of your property including, but not limited to, your home, your car, and your retirement account.

Both the Bankruptcy Code and the law of individual states contain provisions establishing a debtor’s right to claim certain property as exempt. The state law exemption rules are different than those provided by the Bankruptcy Code, and the exemption provisions vary from state to state. Often, selecting an exemption system can be a confusing and overwhelming matter. However, at the Bankruptcy Clinic in Springfield, we can help you evaluate your situation and discuss the exemptions and the exemption system, whether state or federal, to best meet your needs. Also, if you have recently moved to Missouri, we can help you determine the appropriate state exemptions to use for your bankruptcy.

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At the Bankruptcy Clinic, our bankruptcy lawyer can help you sort out the exemptions you are entitled to and protect as much of your property as possible. If you have moved to Missouri within the last 910 days, the state exemptions you use when you file bankruptcy will be the exemptions from the state of the last place of residence. In many cases, it may be advantageous to you because of more generous exemptions in other states. This also means that if you move away from Missouri, any bankruptcy you file within that time limit will be bound by Missouri exemption laws.

If you have lived in Missouri for the past 911 days or more, your exemptions include property valued up to:

  • Homestead exemption: $15,000
  • Wedding ring: $1,500
  • Mobile home exemption: $5,000
  • Motor vehicle: $3,000 per debtor
  • Household goods and furnishings: $3000 per debtor

Call (417) 4NO-DEBT to Speak to a Springfield, Missouri, Bankruptcy Exemptions Lawyer

If you are in danger of foreclosure in Missouri, contact a Springfield bankruptcy lawyer at the Bankruptcy Clinic for an initial consultation.