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Houston Bankruptcy Exemptions
What do I keep if I file Bankruptcy?

Texas Bankruptcy Exemptions - What do I keep if I file Bankruptcy?

Texas uses both the state and federal exemptions system.
You must choose only one:

Texas State Exemptions System

Homestead	No limit
Personal property of a debtor which may be exempt from garnishment, attachment, execution or other seizure exclusive of liens, security interests, or other encumbrances. If it is provided for a family the limit is $60,000

Federal Exemptions System

Homestead	$20,200*
Life insurance policy with loan value, in accrued dividends or interest	$9,850
$475 per item in any household goods up to a total of $9,850;	$9,850
Jewelry	$1,225
Motor vehicle	$3,225
Personal injury compensation payments	$18,450
Tools necessary for employment	$1,850
$925 of any property	$925

Filing bankruptcy in Houston can help you...

Stop	Foreclosure of Your House
Stop	Repossesion of Your Car
Stop	Credit Card Debt and Interest
Stop	Interest Piling on Unpaid Bills
Stop	Collections
Stop	Judgments
Stop	Lawsuits

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