Legal Question in Bankruptcy in Texas

exemption amount

What is the amount granted for exemption in a chapter 7 bankruptcy, or where can I go to figure out what my exemption anount would be?


Asked on 8/23/02, 7:05 pm

1 Answer from Attorneys

Lawrence Maun Lawrence J. Maun, P.C.

Re: exemption amount

In Texas some of the exemptions are

- Homestead Unlimited

= Personal Property $30,000 ( if filing jointly $60,000)

= cash value of life insurance

- annuities

- qualified retirement plans

- annuities

This is not a complete list. Larry Maun 713.266.2560

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Answered on 8/24/02, 8:21 pm


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