Legal Question in Real Estate Law in Texas

I am small business owner. I built a spec. house while I was working for another company. I had permission to do this . Long story short, I lost my job due to the market (the co. shut down) and now the construction loan is due and I can not afford the payments. I am going to be foreclosed on. I live in Texas. I know my personal house is safe, but what about my personal belongings; cars, boat, motorcycle, t.v, pool table etc.


Asked on 8/06/09, 9:18 am

1 Answer from Attorneys
Cheryl Rivera Smith The Smith Law Firm

Some personal belongings are exempt. You should talk to a bankruptcy lawyer for further advice concerning your specific situation.

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Answered on 8/07/09, 2:32 pm


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