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Comment by jacksnipe | Hacker News Reader

If you don't own your home, I fail to see how it could never throw you out of your home.

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

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.

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.

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)

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!"

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...

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".

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.

Not surprising - TX is >95% rural

Pretty much every state has a bunch of random stuff that's protected. The list never really gets shorter since protecting types of property that statistically nobody has anymore doesn't generally cause issues.

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