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Let’s say a creditor sued me and got a judgment against me personally? May I Head To Jail?

Let’s say a creditor sued me and got a judgment against me personally? May I Head To Jail?

NO. In Texas, there is certainly no debtor’s prison. You can’t be placed into jail for owing an unsecured financial obligation.

Can the Creditor garnish ( just take cash straight through the paycheck) my present wages?

NO. Generally speaking, a creditor cannot garnish your wages that are current enforce a judgment against you for a personal financial obligation. Additionally, your overall wages for individual solutions, with the exception of the enforcement of court ordered kid help re re payments, is exempt through the property that is personal value talked about below.

Note: The creditor can pursue other records and assets, simply not your present wages.

Exactly just What property is exempt from creditors and exactly what does property mean that is exempt?

In Texas, specific home is exempt from seizure by creditors. This implies a creditor cannot take the home as re payment of the financial obligation. However the creditor you borrowed money from to acquire the house usually takes that home.

In Texas, home that can’t be used by creditors contains: