If you live in Texas and are having problems paying your debts, you have some specific protection from debt collectors that other states don't provide!

In other words, "DON'T MESS WITH TEXAS"!

What is the Texas Homestead Law?

Texas Homestead Law exempts your primary residence from creditors in bankruptcy as well as from debt collectors.

This includes a home or condominium as well as improvements such as:

• swimming pool
• hot tub
• barn
• water tower
• pumps
• roads
• and other affixed items

A Texas resident mus file a HOMESTEAD DECLARATION (form filed with the county recorder's office).

Essentially, a debt collect cannot file a lien against a homeowner's primary residence in order to attempt to collect an unsecured debt.

Can Wages be Garnished in Texas?

Again, residents of Texas have some advantages that other states don't have, in that a debt collector cannot garnishment wages for debt collection in Texas.

This DOES NOT apply to:

• Unpaid income taxes
• Alimony or child support
• Federal Student Loans

Of course, the Fair Debt Collection Practices Act (FDCPA) applies to Texas residents as well as a number of other state laws to protect it's citizens from unfair debt collection practices!

Employers can find information about wage garnishment limits and exemptions in Texas at:

www.twc.state.tx.us.

Texas provides some of the best protection from creditors of any state and allows those who are in financial trouble to seek relief through DEBT SETTLEMENT without the fear of wage garnishment and/or a lien on their homestead.

If you would like to know how to settle your debts for less than you owe, let us know!

 

photo by: Jamiesrabbits