Missouri Bankruptcy Lawyers

While filing for bankruptcy in Missouri can be greatly beneficial if done correctly, it's not a cure-all for debts. First of all, no matter which form of bankruptcy you file for, you may still end up with debt. Chapter 7 bankruptcy, which does eliminate much debt, does not erase child support, student loans, and some other debts. Even though you may have to liquidate some of your assets to cover your debts, in Missouri, there are some exemptions. You may keep property valued under $15,000, a car worth less than $3,000, appliances, clothing, and other items.