← Back to context

Comment by munk-a

5 years ago

Actually - I'm quite uncertain how bankruptcy laws interact with renting in the US so maybe that is a possibility.

10 comments

munk-a

Reply
devoutsalsa  5 years ago

In a BK, some states may force you to liquidate a house if there’s equity in the home. Other states will let you keep a primary home.

  • toomuchtodo  5 years ago

    Florida allows you to keep your primary residence, regardless of value, even if there were criminal acts involved. Texas is less forgiving and does not indemnify your personal residence against criminal acts, but in exchange allows you to keep two horses.

    • munk-a  5 years ago

      Huh - I wonder if any texans have ever "smuggled" wealth through a bankruptcy by purchasing expensive stallions. Those can run up to 70 million (according to my google fu)

    • dlsa  5 years ago

      Two horses?! I can't tell if you're joking. I sincerely hope this is true. I'm imagining a sad Texas cowboy riding off into the sunset with just his two favorite mounts. "At least they didn't take mah horse!"

      5 replies →