What is the personal property maximum of exempt property for a single adult with no children in Texas?

Disable ads (and more) with a membership for a one time $4.99 payment

Discover Texas Aandamp;M University's MGMT209 exam! Study using flashcards and multiple choice questions, complete with hints and explanations. Prepare effectively for your test!

In Texas, the personal property exemption for a single adult without children is set at $30,000. This exemption applies to personal property such as household goods, clothing, jewelry, and other personal effects that a debtor can claim as exempt from creditors in bankruptcy or other legal actions. The reasoning behind the $30,000 figure is to provide a significant safety net for individuals, allowing them to maintain some level of personal property while still addressing financial liabilities. This amount helps ensure that people have essential items necessary for their living and working situations, reflecting the state's approach to personal financial security.