Texas Motor Vehicle Exemption & Other Personal Property Exemptions

 

How much equity in your car or truck can you protect if you file for bankruptcy in Texas?

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Texas state exemption system caps personal property exemptions at $50,000

Section 42.001 sets the overall limits for the personal property exemptions listed in section 42.002(a) at $50,000; $100,000 for joint filers.

Texas Personal Property Exemptions — State System

Personal Property Exemptions Under Texas Law

CAR:

1 two-, three- or four-wheeled motor vehicle per family member or per single adult who holds a driver's license; or, if not licensed, who relies on someone else to operate vehicle

Federal Non-Bankruptcy Personal Property Exemptions
(available only if using State System)

Personal Property Exemptions — Federal System § 522(d)

Can Texas debtors use the Federal Bankruptcy exemptions instead of Texas exemptions?

Yes. Federal exemptions are available.

The Federal Bankruptcy Exemptions under 11 U.S.C. § 522(d) are available to you if

  • you haven't lived in any state longer than 180 days for a while,
  • or
  • if your state allows the Federal exemptions as a choice.

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Jurisdictional relevance: ST

There are versions of this article for each State.