Filing for bankruptcy in Dallas, TX is a nerve-wracking ordeal, but Texas is one of the best states in which to file bankruptcy. Texas Property Code exemptions are extremely generous, so you can protect all of the assets you wish to retain. Here are three property code exemptions that will serve to help protect your assets:
- Homestead exemption to retain your primary residence
- Personal property exemption to retain up to a dollar amount depreciated fair market value of personal property
- Retirement plan exemption for qualified retirement plans such as 401(k)s and IRAs.
To understand how this applies to your particular situation, let the qualified attorneys at Collins & Arnove help. Give us a call today at (972)516-4255 or visit us online at https://www.northtexasbankruptcy.com/.
Collins & Arnove | Bankruptcy Dallas TX | 972-516-4255