October, 2011

5 Bankruptcy Exemptions in Florida

As noted previously, Florida is one of the states which opt to use its own state bankruptcy exemptions instead of the federal bankruptcy exemptions. Florida allows a complete exemption for one’s homestead property – up to one half acre in an incorporated municipality and up to 130 acres if the property is not in an [...]

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Bankruptcy Exemptions in Florida

The Bankruptcy code allows the debtor to exempt certain property, meaning that you get to keep the property, notwithstanding the bankruptcy.  The code itself has a list of exemptions.  However, the Bankruptcy Code allows the states to elect to “opt out” of the exemptions allowed by federal law and to instead use the law of [...]

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Following the Rules of Chapter 7 Bankruptcy

Filing for Chapter 7 Bankruptcy in Florida is a fairly straight forward process if you follow the rules. The new bankruptcy law, requires a little more paperwork on filers than before, however if you submit all of the required paperwork and qualifications of the law, filing bankruptcy will be easier for you. Along with the [...]

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