"Slip and fall lawsuits won in Texas"

Slip and fall lawsuits won in Texas must be declared in all Texas bankruptcies under Chapter 7 & Chapter 13. If a judgment or settlement remains uncollected, it may be exempt. But once converted to cash, sever limitations apply and cash or it's equivalent must be surrendered to the trustee. Timing of settlements is critical if Chapter 7 or 13 may be filed.

In Texas, legal definitions are derived from many sources, both federal and state: case law, statutes, rules of procedure, rules of evidence, and local practices. The application of law determines meaning, rather than common usage in ordinary conversations. For instance, a particular phrase used in a significant court decision may become popular, and is understood to include the rationale and requirements contained in the published opinion. For this reason, any debtor who may have questions about legal terminology should contact a qualified attorney for clarification. Most consumer specialists offer free consultations for anyone who is considering filing Chapter 7 or Chapter 13.

Back to Texas Bankruptcy Courts directory and content.