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Florida Bankruptcy Exemptions Explained

Bankruptcy is a difficult situation, but an increasingly common one for many people in Florida. If you are considering filing for bankruptcy, it is important to understand the exemptions available in the state of Florida. Bankruptcy exemptions allow individuals filing for bankruptcy to exempt certain types of property from being sold or liquidated to satisfy debt obligations. Knowing what your exemptions are can provide peace of mind during this often stressful and overwhelming process.

In Florida, both federal and state laws provide protections on certain assets such as homesteaded land and personal belongings like clothing, jewelry and books when filing for Chapter 7 bankruptcy protection. The specific amount that may be exempted will vary depending on if the debtor owns other real estate or holds other types of property with equity value. Additionally, in some cases up to $1000 worth of vehicles can be protected under these exemptions as well.

The Law Offices of Omar Zambrano has helped thousands of people and businesses on the past to get out of debt and start over.

Our goal is to help you find a fresh start FAST!

Schedule your free consultation today! By Calling 626-338-5505 or visiting us at 12738 Ramona Blvd Baldwin Park CA 91706


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