Mississippi Bankruptcy Exemption Information
When a bankruptcy claim is filed, it falls to the bankruptcy trustee to evaluate the claimant's property to find assets that qualify for liquidation. To learn more about your options in Mississippi, use our quick reference guide, which lists some of the most commonly claimed Mississippi bankruptcy exemptions.
Homestead
$75,000 exemption for land and buildings; one mobile or manufactured home
used as a primary residence in the amount of $20,000.
Wages
100 percent of gross earnings for 30 days; 75 percent of gross earnings
thereafter.
Automobiles
No specific automobile exemption.
Other Property
Tangible personal property of the following kinds not exceeding $10,000.00
in cumulative value: household goods, wearing apparel, books, animals or crops,
motor vehicles, implements, professional books or tools of the trade, cash on
hand, and professionally prescribed health aids; and any item of tangible
personal property worth less than $200.
Note: Exemptions may have changed since our last update.
» Read the complete Mississippi
bankruptcy exemptions here
» Back to Bankruptcy Laws In Your State