State of Mississippi Economy:

Agriculture remains the dominant industry in the Hospitality State.

Mississippi Bankruptcy Court Locations:

Northern District of Mississippi:

Thad Cochran US Courthouse
703 Hwy 145 N
Aberdeen MS 37930
Federal Building
911 Jackson Dr
Oxford, MS 38655

Southern District of Mississippi:


Federal Building
305 Main St
Greenville MS 387

501 E. Court St., Ste 2-300, Jackson, MS 38201

109 S. Pearl St
Natchez, MS 39120
2012 15th St., Ste. 244
Gulfport, MS 39501

701 Main St
Hattiesburg, MS 39401

Mississippi State Bankruptcy Exemptions

Homestead or Residential Property
The homestead exemption protects a portion of the equity in your home. In Mississippi, you can exempt up to $75,000 of equity in the real estate in which you live, as long as it’s less than 160 acres. If you are over 60 years of age and married or widowed, you may claim the homestead exemption for a former residence. The Mississippi homestead exemption also protects proceeds from the sale of your home. You may also protect proceeds from insurance, condemnation, or the sale of the home in which you lived for 18 months. Married couples filing a joint bankruptcy can double the homestead exemption only if they live in separate residences. Miss. Code Ann. § 85-3-21
You may protect up to $30,000 of equity in a mobile or manufactured home in which you reside, but you cannot claim the homestead exemption in addition to the personal property exemption (below) to protect your mobile home. Miss. Code Ann. § 85-3-1(d)
Insurance Benefits
Life insurance proceeds held by the insurer. Miss. Code Ann. § 83-7-5
Unlimited life insurance proceeds ($50,000 if procured less than one year before filing or paid to an executor or administrator) Miss. Code Ann. § § 85-3-1(b)(ii), 85-3-13
Disability benefits. Miss. Code Ann. § 85-3-11
Homeowners’ insurance proceeds up to $75,000 (plus $250 for personal property). Miss. Code Ann. § 85-3-23
Fraternal benefit society benefits. Miss. Code Ann. § 83-29-39
Motor Vehicle
Mississippi does not have a dedicated motor vehicle exemption, but you have up to $10,000 available to protect all of your personal or household property (see below), including your motor vehicles.
Personal Property
Up to $10,000 in personal property (things other than real estate), such as motor vehicles, furniture, household goods, appliances, clothing, wedding rings, tools of the trade (items needed in your profession), books, health aids, crops, and pets. Miss. Code Ann. § 85-3-1(a)
Up to $10,000 in personal injury awards. Miss. Code Ann. § 85-3-17
Sale or insurance proceeds for exempt property. Miss. Code Ann. § 85-3-1(b)(ii)
$5,000 in an earned income credit, federal or state tax refund. Miss. Code Ann. § 85-3-1(i), (j), (k)
Tax-exempt education savings plans. Miss. Code Ann. § 85-3-1(f)
Health savings account. § 85-3-1(g)
Pension, Retirement, and Life Insurance Benefits
IRAs, Keoghs, and ERISA-qualified benefits deposited more than one year before filing. Miss. Code Ann. § 85-3-1(e)
401(k)s, 403(b)s, profit-sharing and money purchase plans, SEP and SIMPLE IRAs, and defined-benefit plans are also exempt under federal law 11 U.S.C. § 522(b)(3)(C).
Municipal employee benefits. Miss. Code Ann. § § 21-29-51, 21-29-257, 21-29-307
Teachers’ retirement benefits. Miss. Code Ann. § 25-11-201
Public officers, employees retirement benefits, and deferred compensation. Miss. Code Ann. § § 25-13-31, 25-14-5
State employees’ retirement benefits. Miss. Code Ann. § 25-11-129
Life insurance proceeds payable to an executor or administrator to $50,000. Miss. Code Ann. § 85-3-13
Public Benefits
Assistance to the aged. Miss. Code Ann. § 43-9-19
Assistance to the disabled. Miss. Code Ann. § 43-29-15
Assistance to the blind. Miss. Code Ann. § 43-3-71
Workers’ compensation. Miss. Code Ann. § 71-3-43

Up to $50,000 of any property, if you are a Mississippi resident over 70 years of age. Miss. Code Ann. § 85-3-1(h).

Unemployment compensation. Miss. Code Ann. § 71-5-539
Crime victims’ compensation. Miss. Code Ann. § 99-41-23(7)