Legal Question in Credit and Debt Law in Texas

debtors haven

Why is Texas considered a debtors haven? I was reading through some of the answers on the website and noticed that one attorney had mentioned that. thankx


Asked on 4/19/06, 3:24 pm

1 Answer from Attorneys
TC Langford Langford Law Office

Re: debtors haven

Because the Texas Constitution specifically lists items and values that are exempt from execution by a creditor. This includes wage garnishment. In the event a debtor does not have excess assets, a civil judgment is often merely suitable for framing. To my knowledge, only IRS and child support can touch a person's wages.

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Answered on 4/19/06, 8:37 pm


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