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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.

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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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