In bankruptcy, the Florida homestead exemption allows a primary residence of unlimited value to be protected from creditors as long as the debtor has lived in Florida for 40 months or more, and the property is not larger than half an acre in a municipality or 160 acres elsewhere.

Florida Bankruptcy Exemptions The top 5 exemptions under Florida state law. Type of exemption Florida law Type of exemption Florida law Homestead Unlimited (when meeting length of ownership requirement), but property must be no larger than half an acre in a municipality or 160 acres elsewhere Personal property Up to $1,000, including furniture, art, and electronics; can claim up to […]

Chapter 7 Bankruptcy- All of your disposable earnings less than or equal to $750 a week are totally exempt from attachment or garnishment. So, if you’re a head of family and are making less than $750 per week, creditors can’t garnish your wages in Florida. What if you’re a head of family and you’re making more than $750 every week? It’s still difficult for creditors to get after your wages in the Sunshine state. Under section 222.11 of the Florida statutes: