That’s crazy, especially because you live in Texas. The laws that protect property are called “exemption laws” or “exemptions”. Bankruptcy is supposed to give you a fresh start and the idea behind exemptions is that it’s pretty difficult to start over without things like clothing, a home and transportation. Generally, simply by living in Texas, you can protect an unlimited amount of equity in the home that you live in. You can also have up to $30,000 worth of personal belongings ($60,000 if you ...