As we have explained on previous occasions, bankruptcy allows exemptions to each debtor which help to protect their most important assets from seizure by the bankruptcy trustee and creditors. In the state of Texas, the average debtor is not going to be forced to sell their home to pay creditors because as long as it is a homestead, the exemption will protect the property. A homestead is a property which is the primary residence of a debtor. And unless you really are a rich athlete like Charlie Batch, you probably only have one primary residence that you need to protect in bankruptcy. If so, then you have nothing to worry about as long as that property is covered by the bankruptcy exemption.
Ordinary debtors also need not worry about losing their expensive collection of trendy sneakers, music CDs, electronics and other household good because the Texas bankruptcy exemptions for those items are also generous and can in most cases protect those ordinary assets. Besides, the bankruptcy trustee probably has no desire to sell off your old set of designer sneakers or to auction off your Brittany Spears music collection in order to pay your debts even if they weren’t covered by exemptions. Those types of assets simply would not earn enough money to make it worth the trustee’s efforts.