- In Texas, you can use the Federal Bankruptcy Exemptions in place of the Texas state exemptions if you choose to do so. If you opt to go with the state of Texas’ exemptions, you may use the Federal Supplemental bankruptcy exemptions in conjunction with the Tennessee bankruptcy exemptions when filing. Please see either the Federal Exemptions or the supplemental guidelines for more information.
Homestead Exemption
- Unlimited real property up to 1 acre in town, or 100 acres elsewhere.
Insurance Exemption
- Church benefit plan benefits
- Fraternal benefit society benefits
- Life, health, accident or annuity benefits to be paid to beneficiary or insured
- Retired public school employees group insurance
- Texas employee group insurance
- Texas college or university group insurance
Pensions for public employees, judges, county & district employees, state & municipal employees, teachers, firefighters, police officers, and tax-deferred IRAs and retirement benefits, ERISA. Aid for the blind, aged or disabled and AFDC. Social Security and old age assistance, Veteran’s benefits. Unemployment compensation. Worker’s compensation.
Personal Property
- Athletic & sporting equipment, 2 firearms, home furnishings, food, clothing, jewelry, one motor vehicle per family member with driver’s license, 2 horses or mules, 12 head of cattle, 60 head of other stock, 120 fowl, and pets to a total of $30,000, or $60,000 for the head of a family
- Burial plots
- Tools of trade, including boat & motor vehicle
- Farming or ranching vehicles and implements
