Chesterfield is an affluent western suburb of St. Louis in St. Louis County. It is home to significant commercial development along the I-64/US-40 corridor and known for its high quality of life.
Missouri state exemptions apply. Homestead: $15,000. Vehicle: $3,000. Household goods: $3,000. Wildcard: $600 plus up to $3,250 of unused homestead. Wages: 75% exempt (90% for head of household). Retirement: fully exempt. Missouri does not allow federal exemptions.
Exemptions determine what property you can keep in bankruptcy. See the full exemptions guide.
These organizations may offer free or low-cost assistance. Contact them directly to verify current services and eligibility requirements.
Yes. High income does not disqualify you from bankruptcy. If you earn above the Missouri median, Chapter 13 is available regardless of income level. Some high-income filers may also qualify for Chapter 7 after means test expense deductions.
Missouri's $15,000 homestead exemption is very low relative to Chesterfield home values. If your equity exceeds $15,000, Chapter 13 is likely the better option -- it allows you to keep your home while repaying debts over 3-5 years. Consult with an attorney about your specific equity situation.
If you own a business, bankruptcy options depend on the business structure. Sole proprietors can file personal Chapter 7 or 13. LLCs and corporations may file Chapter 11 (reorganization) or Chapter 7 (liquidation) separately. Business assets may or may not be protected depending on your structure.
Use the free 1328(f) screener to check whether a prior discharge affects your eligibility.
Free Discharge Screener