What are the Florida Bankruptcy Exemptions?
When filing for bankruptcy in Florida, there are certain exemptions that you are allowed to keep. These exemptions can help protect your assets and give you a fresh start.
Some of the most common exemptions include: homestead exemption, which protects your primary residence up to $1,000; motor vehicle exemption, which allows you to keep one car up to $1,000; personal property exemption, which allows you to keep essential items such as clothes and furniture up to $2,000; and wildcard exemption, which allows you to exempt any property up to $4,000.
You may also be able to keep certain types of retirement accounts and pension plans. To learn more about the Florida bankruptcy exemptions and how they can help you, speak with an experienced bankruptcy attorney today.
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