Let’s say a creditor sued me and got a judgment against me personally? May I Head To Jail?
NO. In Texas, there clearly was no debtor’s prison. You can not be placed into jail for owing a customer financial obligation.
Can the Creditor garnish ( take cash directly through the paycheck) my wages that are current?
NO. Generally, a creditor cannot garnish your wages that are current enforce a judgment against you for the consumer debt. Also, your overall wages for individual solutions, aside from the enforcement of court ordered kid support re re payments, is exempt through the individual home cumulative value talked about below.
Note: The creditor can pursue other records and assets, simply not your present wages.
just What home is exempt from creditors and exactly what does property mean that is exempt?
In Texas, specific home is exempt from seizure by creditors. What this means is a creditor cannot take the home as re re payment of the debt. However the creditor you borrowed cash from to acquire that home are taken by the home.
In Texas, home that cannot be studied by creditors includes:
