Legal Question in Bankruptcy in Texas

Real Estate Exemption

I'm considering filing bankruptcy in the state of Texas (where I live). I own land in Montana which I'm still paying on. My question is, can I be forced to give up my land in the event of bankruptcy - if I continue to pay the payments? This is where I plan to retire to and would hate to have to give it up.

Thanks,

Roberta


Asked on 3/13/02, 9:14 am

1 Answer from Attorneys
Lawrence Maun Lawrence J. Maun, P.C.

Re: Real Estate Exemption

It depends on your equity in the land and the exemptions you elect in the Bankruptcy. More info is necessary to amke a determination. Larry Maun 713.266.2560

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Answered on 3/13/02, 10:46 am


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