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Mississippi Bankruptcy Laws - Filing Bankruptcy in Mississippi

If you’re living in Mississippi and struggling to make ends meet or feeling overwhelmed by debts, you may be interested to know how bankruptcy may help you get a fresh financial start.

This page is designed to provide you with the basics about Chapter 7 bankruptcy and Chapter 13 bankruptcy, the two main types of bankruptcy.

Ask a local Mississippi bankruptcy lawyer if bankruptcy could help you get out of debt. Fill out the below free bankruptcy evaluation form today:

Filing Chapter 7 or 13 Bankruptcy in Mississippi

Chapter 7 bankruptcy, can help filers by offering a discharge – a full elimination, of many if not all unsecured debts.

In exchange, some of your possessions could be sold to repay some of your debts. However, Mississippi Chapter 7 exemptions may protect most, if not all, of your property if you’re eligible to file. In fact, in the vast majority of Chapter 7 bankruptcy cases there is no sale of any property.

Mississippi bankruptcy law outlines several exemptions to protect your property from being sold. These exemptions include the following.


  • $75,000 for land and buildings not exceeding 160 acres.
  • $30,000 for one mobile home or manufactured home used as primary residence.


  • 100 percent of gross earnings for 30 days and 75 percent of gross earnings thereafter.

Personal Property

  • Up to $10,000 cumulative value of the following: Household goods, clothes, books, animals, crops, motor vehicles, implements, professional books, tools of the trade, cash on hand and professionally prescribed health aids.
  • Any tangible item worth less than $200.

Chapter 13 bankruptcy, which is called "reorganization" in the bankruptcy code, tends to suit filers who have a steady income but have suffered an unexpected financial hardship.

This is because Chapter 13 bankruptcy offers financial renewal by allowing filers to reorganize their debts under a repayment plan that lasts three to five years. In order to keep up with the payment schedule, you must have regular income.

You may have also heard that Chapter 13 bankruptcy may be used to halt foreclosure.

This is because the automatic stay, which goes into effect as soon as a bankruptcy case is filed, prevents creditors from making any collection efforts, including foreclosure and repossession. The automatic stay begins when bankruptcy filing and often lasts throughout the duration of a bankruptcy case, which can be several years in Chapter 13.


Ask a Mississippi Bankruptcy Lawyer for Details

Whether you’d like someone to answer questions about your particular financial situation or explain Mississippi’s bankruptcy exemptions in more details, you may benefit from a consultation with a bankruptcy lawyer.

To begin the process of connecting with a local Mississippi bankruptcy attorney right now, all you have to do is fill out the free case review form on this page or call us toll-free at 877-349-1309.

Note: Keep in mind bankruptcy laws are complex. If you need legal advice or want to fully understand how these laws affect you, please speak with a local attorney.

Laws may have changed since our last update. For the latest information on your state's bankruptcy laws, speak to a local bankruptcy lawyer.

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