“Knowledge is power” Teachers are the real heroes ! Thanks for the great advice Bruce ! Bankruptcy can really help you.

Bruce A. Markell was appointed the Professor of Bankruptcy Law and Practice at Northwestern in 2015. From 2013 to 2015, he was the Jeffrey A. Stoops Professor of Law at Florida State University School of Law, and before that he was a United States Bankruptcy Judge for the District of Nevada, a position he had held since 2004. After law […]

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 […]