Texas Bankruptcy Exemptions
CATEGORY
ALIMONY, MAINTENANCE AND SUPPORT
ASSET
Alimony, Maintenance and Support
DESCRIPTION
STATUTE
ANIMALS
Pets
Household pets
Property Code § 42.001(a) (statutory cap) and Property Code § 42.002(a)(11)
Livestock
Horses (2), mules (2), donkeys (2), cattle (12), fowl (120), and other livestock (60), including the forage on hand for their consumption
Property Code § 42.001(a) (statutory cap) and Property Code § 42.002(a)(10)
BOOKS, PICTURES, ART AND COLLECTIONS
Books
Books used in a trade or profession
Property Code § 42.001(a) (statutory cap) and Property Code § 42.002(a)(4)
Books, Art and Heirlooms
Household furnishings, art and family heirlooms
Property Code § 42.001(a) (statutory cap) and Property Code § 42.002(a)(1)
FARM EQUIPMENT
Equipment and Implements
Farm or ranch equipment and implements
Property Code § 42.001(a) (statutory cap) and Property Code § 42.002(a)(3)
FIREARMS
Firearms
Two firearms
Property Code § 42.001(a) (statutory cap) and Property Code § 42.002(a)(7)
HOUSEHOLD GOODS
Home furnishings
Home furnishings and family heirlooms
Property Code § 42.001(a) (statutory cap) and Property Code § 42.002(a)(1)
Provisions
Provisions for consumption
Property Code § 42.001(a) (statutory cap) and Property Code § 42.002(a)(2)
INSURANCE
Fraternal Benefit Societies
Fraternal benefit society benefits such as death benefits, medical benefits, annuity benefits, etc.
Insurance Policies
Benefits, including cash value and proceeds, under a life, health, or accident insurance policy
Public School Employees
Uniform group insurance benefits for retirees of public schools
Texas State College Employees
Uniform group insurance benefits for the employees of the University of Texas system and the Texas A & M system
JEWELRY
Jewelry
Jewelry, the value of which must not exceed 25% of the limitation established in section 42.001(a)
Property Code § 42.001(a) (statutory cap) and Property Code § 42.002(a)(6)
MACHINERY
Machinery and Equipment
Machinery and equipment used in a trade or professions
Property Code § 42.001(a) (statutory cap) and Property Code § 42.002(a)(4)
OFFICE FURNISHINGS
Office Furnishings and Supplies
Office furnishings and supplies used in a trade or professions
Property Code § 42.001(a) (statutory cap) and Property Code § 42.002(a)(4)
MOTORIZED VEHICLES
Automobiles, Trucks, Trailers, etc.
Automobiles, trucks trailers, tractors, etc. (any vehicle with 2, 3 or 4 wheels), for each qualified family member
Property Code § 42.001(a) (statutory cap) and Property Code § 42.002(a)(9)
Farm or Ranch Vehicles
Farming or ranching motor vehicles
Property Code § 42.001(a) (statutory cap) and Property Code § 42.002(a)(3)
Boats
Boats used in a trade or professions
Property Code § 42.001(a) (statutory cap) and Property Code § 42.002(a)(4)
Other Vehicles
Motor vehicles used in a trade or profession
Property Code § 42.001(a) (statutory cap) and Property Code § 42.002(a)(4)
PENSIONS AND PROFIT
SHARING
Churches
Pensions and benefits for church ministers, teachers, etc.
College Savings
Person’s right to assets in any prepaid tuition contract, savings trust account, or qualified tuition program
County and District Employees
Person’s right to assets in the Texas county and district employees’ retirement system
IRAs
Person’s right to assets in any Individual Retirement Account
Pensions and Profit Sharing Plans
Person’s right to assets in any stock bonus, pension, profit-sharing, or similar plan, including a retirement plan for the self-employed
Texas Judges
Person’s right to assets in the judicial retirement system
Homestead – Rural
Homestead of 100 acres (single) or less, or 200 acres (family) or less
Homestead – Urban
Homestead of 10 acres or less in a city, village or town
SPORTS EQUIPMENT
Sports Equipment
Athletic and sporting equipment including bicycles
Property Code § 42.001(a) (statutory cap) and Property Code § 42.002(a)(8)
Wearing Apparel
Wearing apparel
Property Code § 42.001(a) (statutory cap) and Property Code § 42.002(a)(5)
MISCELLANEOUS
Commissions
Unpaid commissions, the value of which must not exceed 25% of the limitation established in section 42.001(a)
Crime Victim Compensation
Crime victim’s right to compensation
Firefighter Survivors’ Benefits
Financial assistance to survivors of firefighters
Law Enforcement Survivors’ Benefits
Financial assistance to survivors of law enforcement officers
Public Assistance
Texas financial assistance and medical assistance program funds
Partnership Property
Partner’s interest in partnership property is not transferable
Wages
Current wages for personal services, exclusive of commissions and court ordered child support
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TESTIMONIALS
We received our Chapter 13 confirmation in the mail and I wanted to give you and Christine a big thank you. I know you had to work hard on this mess to get it to this point and we do appreciate it. Hopefully we can see this thing through and be completely debt free except the mortgage of course in the next few years. We are looking forward to that day.
Bob, I do not have the words to describe what I’m feeling right now. I’m so overwhelmed with relief, knowing that I can put this nightmare behind me. THANK YOU so much for representing me and getting me through this. Please know that you have changed my life in a positive way, and for that, I thank GOD and I am so grateful!
I assume you have some idea of what it may feel like to finally put something behind you that dominated your life and nearly destroyed your marriage. I cannot thank you enough for your professionalism, expertise and MOST importantly the support you and Barbara provided during this process. We are so very grateful.
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DeMarco•Mitchell, PLLC
500 N Central Expy, Suite 500
Plano, Texas 75074
Office: (972) 991-5591