Texas has a new exemption – The Bible!

14 Jul Texas has a new exemption – The Bible!

The Texas Legislature has amended Texas Property Code Section 42.001 to exempt a religious bible or other book containing sacred writings of a religion that is seized by a creditor other than a lessor of real property who is exercising the lessor’s contractual or statutory right to seize personal property after a tenant breaches a lease agreement or abandons the real property. This exemption, which was signed into law (in 2007) is not subject to the general $30,000 or $60,000 limits on the exemptions of certain types of personal property in Texas. The law becomes effective September 1, 2007.

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Jay S. Fleischman is a bankruptcy lawyer with offices in Los Angeles and New York. He can often be found on Google+ and Twitter, where he shares information about consumer protection issues and personal finance.
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