Mineral land rights/bankruptcy

[LRRMoore]

What is the name of your state? tx
how would having a portion of mineral rights to a piece of land affect a chapter 7 bankruptcy? the monthly payments are low and even with the money from that, my annual income is only 20,000 approx. could the court take these rights from me?

 

[HomeGuru]

What is the name of your state? tx
how would having a portion of mineral rights to a piece of land affect a chapter 7 bankruptcy? the monthly payments are low and even with the money from that, my annual income is only 20,000 approx. could the court take these rights from me?

**A: yes. The court could even put your interest up for sale as your mineral rights are considered an asset.