Bankruptcy - What Property Can I Protect?

The federal Bankruptcy Code and/or applicable Texas state law allows each individual in bankruptcy to protect certain property while still consolidating and/or discharging their debts. This is accomplished by using protections that are set forth in federal law or under state law. Typically, property which can be kept and protected while in a bankruptcy includes your homestead, your vehicles, household furnishings and personal effects, jewelry, health aids, tools of the trade, life insurance, personal injury claims, retirement accounts and packages, bank accounts to a certain amount, and other types of miscellaneous property. The typical individual filing for bankruptcy is able to protect ALL of their property by using these protections.

Call us now at 972-527-4500 to schedule a free appointment with me personally to discuss your options! We are a Designated Debt Relief Agency under Federal Law and we provide legal assistance to consumers and others seeking relief under the United States Bankruptcy Code.