"Bankruptcy In Texas"
If you're considering bankruptcy in Texas, there are a few things you should know. First, Texas is what's known as a "non-recourse" state when it comes to home mortgages. That means if you declare bankruptcy, your lender can't come after you for the balance of your loan.
Second, Texas has a very generous homestead exemption. That means if you own a home, you can exempt up to $60,000 of equity from creditors. And if you're married and file jointly, that amount doubles to $120,000.
Finally, Texas is one of the few states that allow you to choose between federal and state bankruptcy laws. So if you're considering bankruptcy, be sure to talk to an attorney about which option is right for you.
The Law Offices of Omar Zambrano has helped thousands of people and businesses in the past to get out of debt and start over.
Our goal is to help you find a fresh start FASTER!
Schedule your free consultation today! By Calling 626-338-5505 or visiting us at 12738 Ramona Blvd Baldwin Park CA 91706