Texas State Bankruptcy Exemptions
Laws That Keep Your Creditors' Hands Off Your Property
Exemptions are laws passed by every state that allow you to protect certain
types of your property from your creditors when you file bankruptcy-such as
your home, car, pensions and IRAs, motor vehicles, clothing, tools, and other
important property. Texas law provides a number of exemptions that protect your
property, and your attorney will be able to advise you on which exemptions are
best for you.
Homestead
100 percent homestead exemption-no value limitation.
Wages
100 percent of wages and commissions for personal services.
Automobiles
One automobile is exempt in its entirety (value of automobile is included
in the total $60,000 exemption for personal property).
Other Property
$60,000 aggregate exemption for personal property.
Note: Exemptions may have changed since our last update.
» Read the complete Texas bankruptcy
exemptions here
» Click Here to read the Federal bankruptcy
exemptions.
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