> I'm seriously considering moving to Texas because of debtor laws - any health incident can cause one to accumulate a large amount of "debt" in a hurry, and being able to tell creditors to pound sand gives a hell of a lot of peace of mind.
Can you elaborate on this? What is so favorable about Texas law specifically as far as debtors are concerned?
Wage garnishment isn't a thing for creditors like hospitals, unlimited IRA protection, homestead exemption in bankruptcy up to at least 10 acres (and case law includes the rented-out portion of duplexes through quadplexes), and annuities get exempted out too. Basically creditors can seize accounts and trash your credit rating, and that's about it in Texas.
Can you elaborate on this? What is so favorable about Texas law specifically as far as debtors are concerned?