Bankruptcy In Florida


Each state differs as to the exemptions that you are permitted. An exemption is the amount and type of property that you are allowed to keep when you file bankruptcy. The exemptions that you may be entitled to are related to when you became a Florida resident.

Some of the exemptions in Florida generally are your homestead if it is up to _ acre and located inside a city up to ½ acre or 160 acres if you are located outside of a city, your mobile home, up to $1,000 personal property per person, an additional $4,000 in personal property if you do not claim a homestead exemption under the Florida constitution, $1,000 equity per person in any one motor vehicle, social security benefits, disability benefits, child support and alimony, and most life insurance, annuity plans, and pension plans. In addition there are other exemptions that you may be entitled to use.