Not looking for information on Texas bankruptcy laws or filing bankruptcy in Texas? See links to the left to find bankruptcy resources for your state.
The U.S. Bankruptcy Code allows individuals to exempt certain property from creditors based on either fedreal or state level exemptions. Specific exemptions (and amounts) vary from state to state.
Texas bankruptcy law allows residents to choose between using either the federal set of exemptions or state set of exemptions.
Click here to view federal bankruptcy exemptions under 11 U.S.C. 522(d).
Texas bankruptcy exemptions include:
|
Homestead |
100% homestead exemption |
|
Automobile |
One vehicle 100% exempt (value included in the personal property exemption of $60,000) |
|
Other Property |
Personal property in the aggregate amount of $60,000 - can include firearms, livestock, home furnishings, clothing, jewelry (with some restrictions), and farming/ranching vehicles |
| Other | Pensions, public benefits, and insurance |
For more detailed information regarding exemptions and bankruptcy laws in Texas, your best bet is to consult with a Texas bankruptcy attorney.
U.S. Bankruptcy Court for the Northern District of Texas - administrative and procedural information for Northern District of Texas bankruptcy filings
U.S. Bankruptcy Court for the Southern District of Texas - administrative and procedural information for Southern District of Texas bankruptcy filings
U.S. Bankruptcy Court for the Western District of Texas - administrative and procedural information for Western District of Texas bankruptcy filings
U.S. Bankruptcy Court for the Eastern District of Texas - administrative and procedural information for Eastern District of Texas bankruptcy filings
Office of the U.S. Trustee for Region 6 - oversees the administration of Texas personal bankruptcy cases and case trustees for the Northern and Eastern Districts of Texas
Office of the U.S. Trustee for Region 7 - oversees the administration of Texas personal bankruptcy cases and case trustees for the Western and Southern Districts of Texas
State Bar of Texas - information about the Texas bar, membership, ethics, continuing legal education, and resources for the public