Property That Is Subject to Execution in Texas–Fort Worth, Texas Collections Attorneys

   Property Subject to Execution in Texas

Corporations in Texas do not have what is considered non-exempt property. However, individual debtors can.

The judg­ment debtor’s property is subject to levy by execution if it is not exempted by constitution, statute, or other rule of law. See Tex. Const. art. XVI, §§ 49-51; Tex. Prop. Code Ann. §§ 41.001-42.004 (Vernon 1984); Tex. R. Civ. P. 637. In most instances, the follow­ing kinds of property will not be exempt:

1.Cash on hand or in checking or savings accounts;

2.Pleasure boats and their motors and trailers;

3 Collections (stamps, coins, etc.);

4. Stocks, bonds, notes, and other invest­ments;

5. Real property not claimed as the homestead (summer home, rent property, etc.); and

6. Airplanes.

 

Williams, McClure & Parmelee is dedicated to high quality legal representation of businesses and insurance companies in a variety of matters. We are experienced Texas civil litigation attorneys based in Fort Worth who know Texas courts and Texas law. For more information, please contact the law firm at 817-335-8800. The firm’s new office location is 5601 Bridge Street, Suite 300, Fort Worth, Texas 76112.

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