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Mississippi bankruptcy exemptions
Mississippi Bankruptcy Exemptions

FEDERAL BANKRUPTCY EXEMPTIONS ARE NOT AVAILABLE
All Bankruptcy law references are to Mississippi Code unless noted.

ASSET

EXEMPTION

LAW PROVISION

HOMESTEAD

Property occupied by debtor unless over 60 & married or widowed, to $75,000; property cannot exceed 160 acres; sales proceeds exempt

May file homestead declaration

85-3-1(b)(i), 85-3-21,

85-3-23

85-3-27, 85-3-31

INSURANCE

Disability benefits

Fraternal benefit society benefits

Homeowners insurance proceeds to $75,000

Life insurance proceeds if clause prohibits proceeds from being used to pay beneficiarys creditors

85-3-1(b)(ii)

83-29-39

85-3-25


83-7-5

MISCELLANEOUS

Property of business partnership

79-12-49

PENSIONS

ERISA-qualified benefits deposited over 1 year before filing

Firefighters

Highway patrol officers

IRAs deposited over 1 year before filing bankruptcy

Keoughs deposited over 1 year before filing bankruptcy

Private retirement benefits to extent tax-deferred

Police officers

Public employees retirement & disability benefits

State employees

Teachers

85-3-1(b)(iii)


21-29-257

25-13-31

85-3-1(b)(iii)


85-3-1(b)(iii)


71-1-43


21-29-257

25-11-129


25-14-5

25-11-201(1)(d)

PERSONAL PROPERTY

Tangible personal property of any kind to $10,000

Personal injury judgments to $10,000

Proceeds for exempt property

85-3-1(a)


85-3-17

85-3-(b)(i)

PUBLIC BENEFITS

Assistance to aged

Assistance to blind

Assistance to disabled

Crime victims compensation

Social security

Unemployment compensation

Workers compensation

43-9-19

43-3-71

43-29-15

99-41-23

25-11-129

71-5-539

71-3-43

TOOLS OF TRADE

SEE PERSONAL PROPERTY

 

WAGES

Earned but unpaid wages owed for 30 days; after 30 days, minimum 75% (bankruptcy judge may authorize more for low income debtors)

85-3-4

WILD CARD

Up to $50,000 of any property, if you are a Mississippi resident over 70 years of age

 



Mississippi bankruptcy courts  Miss.Bankruptcy Courts
See the list below for Bankruptcy Courts by District. Click on the District link to go directly to that Bankruptcy Court's web site.

BANKRUPTCY COURTS NUMBER OF COPIES
Northern District
(mailing address)
P.O. Drawer 867
Aberdeen, MS 39730

(physical address)
301 West Commerce St.
Aberdeen, MS 39730-0867
Telephone: (601) 369-2596

contact clerks office
Southern District
Jackson Division
P.O. Drawer 2448 39225
100 East Capitol St.Room 101
Jackson, MS 39201
Telephone: (601) 965-5301

Biloxi Division
P.O. Box 1280
725 Lashington Loop, Ste. 117
Biloxi, MS 39530
Telephone: (601) 432-5542

contact clerks office

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