Can I Keep My Home If I File Bankruptcy in Missouri?

Homeowners in Missouri are allowed to protect $15,000 of their home equity from unsecured creditors because of the state’s homestead exemption law. If a Missouri homeowner has $15,000 or less in equity in his or her primary residence and continues to make regular mortgage payments then the bankruptcy court will likely allow the homeowner to keep his or her home during a bankruptcy proceeding.

The information on this page is meant to provide a general overview of the law. The laws in your state and/or city may deviate significantly from those described here. If you have specific questions related to your situation you should speak with a local attorney.

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