Bankruptcy by State
Bankruptcy in Missouri
How Missouri's bankruptcy exemptions, Chapter 7 income limits, and filing volume compare to the rest of the country.
Homestead exemption
$15,000
#32 of 51
Vehicle exemption
$3,000
#19 of 51
Median income (1 person)
$64,972
Chapter 7 means-test threshold
Annual filings
10,648
Year 2025
Missouri vs. national medians
National medians are calculated across all 51 states plus the District of Columbia. Ranks run from #1 (highest) to #51 (lowest). Where a state publishes a range or a conditional amount, the exemption is shown in full and ranked by its guaranteed minimum.
| Metric | Missouri | National median | Rank |
|---|---|---|---|
| Homestead exemption | $15,000 | $90,000 | #32 of 51 |
| Motor vehicle exemption | $3,000 | $7,250 | #19 of 51 |
| Median income (1-person household) | $64,972 | $71,745 | #41 of 51 |
| Median income (4-person household) | $118,530 | $126,058 | #35 of 51 |
| Annual bankruptcy filings | 10,648 | 8,707 | #18 of 51 |