NO. In Texas, there is certainly no debtor’s prison. You simply cannot be placed into jail for owing an unsecured debt.

Can the Creditor garnish ( take cash straight through the paycheck) my wages that are current?

NO. Generally speaking, a creditor cannot garnish your wages that are current enforce a judgment against you for the unsecured financial obligation. Additionally, your present wages for individual solutions, with the exception of the enforcement of court ordered kid help re payments, is exempt through the property that is personal value talked about below.

Note: The creditor can follow other records and assets, not your wages that are current.

Exactly What home is exempt from creditors and so what does property mean that is exempt?

In Texas, specific property is exempt from seizure by creditors. What this means is a creditor cannot make the home as re re payment of the financial obligation. Nevertheless the creditor you borrowed cash from to get the house may take that home.

In Texas, home that simply cannot be studied by creditors includes:

• The home and land your geographical area (called homestead) (Except that your particular mortgage business may take the home through property property property foreclosure for those who have maybe perhaps perhaps not compensated your property fees. when you have perhaps not compensated your home loan repayments, as well as the county where in actuality the home is found may take the house through property foreclosure)
• More than one cemetery plots
• Personal home with a worth of lower than $60,000 for a household or $30,000 for a solitary adult. Continue reading →