The amount is $8693.98, and no payment plan has been entered. I am currently not 1099'd, but I might be in the future.
Sec. 41.001(5)(c) that “The homestead claimant’s proceeds of a sale of a homestead are not subject to seizure for a creditor’s claim for six months after the date of sale.” This expressly permits homestead protections to be rolled over from one homestead to the next
Certain personal property is also exempt under Chapter 42 of the Property Code. Personal property valued at $60,000 for a family or $30,000 for a single adult (exclusive of liens) is exempt from garnishment, attachment, execution or other seizure so long as it is on the following list:
My question: I want to store and use my money. How can I store money so that I can use it in the form of a card I can use for purchases, and to invest. Where can I store my money so that a debtor, bound to Texas and U.S. law, doesn't have access to it?
OK so wages cannot be garnished, but what about income as an independent contractor which is reported by a 1099. Or what about student loan proceeds or pell grant money? Are these sources of income subject to the judgment?
I really need to know how i can invest the money and not have it seized. Do I need to prove that the invested money is from a student loan or wage and does that matter once it's invested? Can I invest through a foreign bank, such as Royal Bank of Canada or something off-shore? What is the best way to invest money and keep it safe from seizure? My question about pre-paid debit cards being safe was never addressed either.
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