Protecting Your Real and Personal Property in a Florida Bankruptcy
Florida law designates its own real and personal property exemptions for residents who file bankruptcy. These exemptions often mean that individuals or families that seek debt relief through bankruptcy may not be required to surrender everything they own.
At our law firm, Ferrer Shane, PL, our Miami bankruptcy exemption lawyers will evaluate your financial situation and all potential exemptions to determine how your bankruptcy may affect the ownership of your home and other property. Call us at 305-262-2728 today so we can provide you with your debt relief options.
Keeping Your House in Bankruptcy
Most homeowners want to know immediately whether they will be able to save their homes by filing bankruptcy. While this answer depends on the individual circumstances of every case, there are exemptions in Florida that protect a homeowner. These include:
- Homestead exemption
- Tenancy-by-the-entirety exemption
At our law firm, our bankruptcy attorneys can help you understand whether these exemptions would protect your home if you filed bankruptcy.
Keeping Personal Property in a Bankruptcy
In addition to Florida's homestead exemption, numerous personal property and other exemptions may apply in your situation, including:
- A car
- Wages
- Life insurance policies
- Disability income or workers' compensation benefits
- Retirement benefits and pensions
The extent of these exemptions often depends upon how much equity you already have in the property.
Prepare for Your Free Initial Consultation
For our firm to provide you with a proper evaluation of your situation, we will need to review your financial documents, including pay stubs, bank statements, and tax returns. Compile as many documents as possible and bring them with you to our office on the day of your free consultation.
Contact Our Florida Homestead Exemption Lawyers for More Information
To schedule your first consultation with one of our experienced lawyers, call us at 305-262-2728 or contact our Miami law firm online. Your first consultation is free.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
