I own my Texas home in a rural area, and it is in 3 different tracts or parcels. Can I claim it exempt or safe from creditors in chapter 7?

Yes, up to 100 acres for a single person and 200 acres for a family, are exempt from creditors in a rural area, provided that the property is actually used for homestead purposes. It can even be in different parcels or tracts of land.

In a recent court case, a Houston bankruptcy judge ruled that a couple's entire 34 acres was exempt, and safe from being seized by creditors. But be sure your property qualifies; hire an expert bankruptcy lawyer.

J Thomas Black
Board Certified, Consumer Bankruptcy Law- Texas Board of Legal Specialization