The purpose is to say to someone who would move into Texas, if you move into Texas, purchase a property and within 2 years file bankruptcy, you would still preserve a $100,000 exemption but you would not have a total exemption.
Hon. George W. Gekas: “The purpose is to say to someone who would move into Texas, if you move into Texas, purchase a property and within 2…”
Editor's note · Context
Discussing bankruptcy exemptions for new residents in Texas.
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