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Does owning a home affect bankruptcy exemptions?

Bankruptcy exemptions for a home in Texas are unique.

Every state has its own bankruptcy exemption for a home.  Appropriately called the homestead exemption. Depending on the debtor’s circumstances, the bankruptcy exemption for a home may be unlimited, with some restrictions. If you are considering bankruptcy and want to make sure your home is protected, call 972-315-6222 or click to schedule a free consultation to speak with an attorney about protecting your homestead.


What are Bankruptcy Exemptions?

Federal and State Bankruptcy Exemptions. Bankruptcy Exemptions are the statutes that govern what is protected or “exempt” from your creditors.  The assets that are exempt

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