In Bankruptcy, Bankruptcy Law, Blog, Property and Assets
Every state has different laws that pertain to property and asset exemptions in bankruptcy filings. Federal law also offers protection to debtors in this regard. In Texas, a San Antonio debtor may choose between state or federal exemptions to protect his or her property. Property protected under Texas bankruptcy exemptions for an individual may include:

  • Homestead – up to 10 acres in an urban setting or 100 acres elsewhere
  • Personal property valued at up to $30,000 (furniture, clothing, food, family heirlooms, jewelry, appliances, livestock, 2 firearms, pets, etc.)
  • Certain insurance or public benefits
  • Pensions, in some situations
  • Alimony and child support

Find out more about how your property may be affected by bankruptcy. For a free, confidential review of your unique financial situation, contact a San Antonio Bankruptcy Attorney at the Malaise Law Firm today.