Legal Question in Bankruptcy in Missouri

Missouri law allows a person to keep up to $3,000 in aggregate motor vehicle equity, meaning that the exemption can be spread out among more than one vehicle. Equity =s Fair Market Value - amount owed, but if your car is paid off, the equity = FMV. You may be able to use additional exemptions such as the $600 "wildcard" exemption, or if you have kids, the head of household exemption, which is $1250 + $350 per minor dependent child. I don't know if you have other cars, or what they might be worth, but assuming you have only one car and it's worth $3k or less, the answer would be yes, you can keep your car in a Chapter 7.