In every Woodlands Bankruptcy case there is a long list of “exempt property” that you are entitled to keep. In this post we will take a look at the most important exemption for many Woodlands Bankruptcy filers, the homestead exemption.

Put simply, Texas law protects your homestead with very few restrictions. There is no limit to the value of your home. Your Montgomery County  Bankruptcy Attorney can protect your $500,000 home just the same as your $100,000 home in Bankruptcy.

There is a limitation on the actual size of your homestead that you can protect. If your home is located in an “urban” area (which is virtually very property except very rural locations) your home can not exceed 10 acres.

If you need the relief that only Bankruptcy can provide, speak with a Woodlands Bankruptcy Attorney today and get control over your debt.

Related posts:

1. Texas Bankruptcy Exemptions – Jewelry
2. 2010 Federal Bankruptcy Exemptions
3. Why You Need to Choose Texas or Federal Exemptions Carefully