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