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 Texas TotalBankruptcy.com 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.
» Read the complete Texas bankruptcy exemptions here.
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Please understand that this information is provided for illustration purposes only and is not legal advice. If you would like more information about exemptions, please call our 24-hour toll free hotline at 1 (877) 349-1309 or use our free online evaluation form to get started with your bankruptcy case today!
Note: Laws may have changed since our last update. For the latest information on your state’s bankruptcy laws, speak to a local bankruptcy lawyer.