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Comment by waterhouse

5 years ago

I googled "texas bankruptcy horses" and it seems a real thing, e.g. [1]:

Another good aspect of Texas bankruptcy code for farmers and ranchers is the specific delineations of property that are allowed to be kept during bankruptcy: 2 horses, mules or donkeys and a saddle, blanket and bridle for each, 12 head of cattle, 60 head of other types of livestock, 12 fowl and pets. If you’re a farmer or rancher considering bankruptcy, Chapter 12 could be a better option—a bankruptcy allowed specifically for the debts of a family farmer or fisherman.

[1] https://www.chancemcgheelaw.com/sanantoniobankruptcyblog/tex...

3 comments

waterhouse

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bserge  5 years ago

Very interesting and rather amusing stuff, must be an old law? I wonder why no one pushed to upgrade the "horses" to "motorcycles" or "cars".

  • malwrar  5 years ago

    Believe it or not a lot of people in Texas still live a rural lifestyle! There’s a lot more going on in the land outside the major cities than suburbs.