2007-11-12 06:50:38 · 3 answers · asked by ilrcrystal 1 in Politics & Government ➔ Law & Ethics
I meant in Texas US.
2007-11-12 07:43:42 · update #1
I know one is homestead but I am not sure what the other is.
2007-11-12 07:48:26 · update #2
As the first answerer said, this depends on where you live. No matter where you live, some of your wages are exempt. In most states, some of the equity in your home is exempt and one vehicle. To answer this, google "exempt from creditors (put in name of your state)". Disability payments are normally exempt and, in my state, household goods and furnishings, tools of the trade, medical equipment, burial accounts and some cash. There are both federal and state exemptions and generally the state exemptions are more generous.
2007-11-12 07:03:46 · answer #1 · answered by David M 7 · 1⤊ 1⤋
Depends TOTALLY on the laws of your Country / State / Province - and you didn't name it.
In some jurisdictions, NOTHING is exempt, in some pensions are, in some wages are, etc etc etc.
Richard
I'd disagree with Davids answer that some of your wages are exempt wherever you are.
In many of the countries in the world, there are absolutely no protections for debtors at all. Someone you owe money to can, once they have a judgement, turn up at your home and carry away everything you own to pay your debts.
2007-11-12 14:54:15 · answer #2 · answered by rickinnocal 7 · 0⤊ 0⤋
Household and personal...
2007-11-16 14:47:01 · answer #3 · answered by BeachBum 7 · 0⤊ 0⤋