Texas Bankruptcy Exemptions
Homestead
Prop. 41.001 & Prop. 41.002 - Unlimited amount, but cannot exceed 10 acres
in a city, town, or village, or 100 acres (200 acres for family) elsewhere.
Sale proceeds are exempt for 6 months after sale.
Prop. 41.005 - Homestead declaration must be filed or the court will charge
you to file it for you.
Personal Property
Prop. 41.001 - Burial plots and health aids (exempt from the $60,000
family/$30,000 single total personal property allowed).
Prop. 42.002 - Home furnishings, including family heirlooms; food; clothing;
jewelry up to 25% of the "SPECIAL LIMIT" stated below; 2 firearms; athletic
& sporting equipment (includes bicycles); 1 motor vehicle for each adult
with drivers license or who relies on another to operate a vehicle; 2
horses, mules, or donkeys, with saddle, blanket & bridle for each; 12 head
cattle; 6O head other livestock; 120 fowl; food on hand for these animals;
and household pets. SPECIAL LIMIT Total of all items under Property 42.002
(including tools of trade and cash value of life insurance) cannot exceed
$30,000 total ($60,000 for head of family).
Prop. 42.0021 - Health savings accounts.
Wages
Prop. 42.001 - Earned but unpaid wages; and unpaid commissions for personal
services up to 25% of the "SPECIAL LIMIT" stated above.
Pensions
11 U.S.C. § 522 - Tax exempt retirement accounts; Traditional and Roth IRAs
up to $1,095,000 per person.
Govt. 821.005 - Teachers.
Govt. 821.004 - Judges.
Govt. 821.006 - County and district employees.
Govt. 615.005 - Law enforcement officers' survivors.
6243d-1 - Police officers.
6243e - Firefighters.
6243h & Govt. 811.005 - State employees, elected officials, and municipal
employees.
Prop. 42.0021- ERISA-qualified church or government benefits, including IRAs
and Keoghs.
Public Benefits
Labor 207.075 - Unemployment compensation.
Labor 408.201 - Workers' compensation.
Crim. Proc. 56.49 - Crime victims' compensation.
Hum-Res. 31.040 - Public assistance.
Hum-Res. 32.036 - Medical assistance.
Tools of Trade
Prop. 42.002 - Tools, books, and equipment, including motor vehicles and
boats used in trade or profession; and farming or ranching vehicles and
implements. Tools of trade exemptions are included in the "SPECIAL LIMIT"
listed under Personal property.
Insurance
Insur. 1551.011 - Texas employee uniform group insurance.
Insur. 1575.006 - Texas public school employees group insurance.
Insur. 1601.008 - Texas state college or university employee benefits.
Insur. 885.316 - Fraternal benefit society benefits.
Insur. 21.22 - Life, health, accident or annuity benefits, policy proceeds,
cash values and monies due or already paid to beneficiary or insured.
1407a - Church benefit plan benefits.
Miscellaneous
Prop. 42.001 - Alimony and child support.
Educ. 54.709 - Higher education savings plan trust account.
Alco. Bev. Code 11.03 - Liquor permits and licenses.
Educ. 54.639 - Prepaid tuition plans.
6132b-2.04 - Business partnership property.