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Mississippi Bankruptcy Exemption
Homestead:
The principal place of residence of the debtor where he actually resides and up to the extent of $ 75,000 and cannot exceed 160 acres. And equal amount of Insurance proceeds against the damage of the house. One mobile home or manufactured home is exempted up to the extent of $ 20,000 for the person not claiming for homestead exemption. Automobile & Household goods: Household goods, with wearing apparels, pets, books, professional implements, hard cash, professionally prescribed health aids up to the extent of $ 10,000 in aggregate. Wages: 100 % earnings of the last 30 days and thereafter 75 % of the weekly earnings or 30 times the federal minimum hourly wage for week. Life Insurance: Proceeds of life insurance payable to the third party beneficiary up to the extent of $ 50,000. Personal Injury Payments: Proceed from personal injury payments up to the extent of $ 10,000. Total or Absolute Exemptions for:
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