Are you considering filing for Chapter 7 or Chapter 13 bankruptcy in Florida? Although much of bankruptcy is governed by federal law, some bankruptcy-related information and law is specific to your state.
Below you’ll find Florida-specific information on filing for bankruptcy as well as articles on the various Florida bankruptcy exemptions. And for in-depth information on bankruptcy law and procedures, visit Nolo’s Bankruptcy Center.
Filing for Bankruptcy in Florida
In this complete guide to filing bankruptcy in Florida, you’ll learn about the differences between Chapters 7 and 13, the debts you can discharge, and the property you can keep using Florida’s exemption laws. It also explains how to qualify for bankruptcy chapters 7 and 13 in Florida, and includes checklists to help you navigate the process and organize bankruptcy documents, and links to a DIY bankruptcy quiz and other helpful resources.
Here's a list of the most common bankruptcy exemptions in Florida. Using exemptions, you'll be able to protect some equity in a residential home and car, household furnishings, clothing, retirement accounts, and more.
The Florida Homestead Exemption
Florida's homestead exemption protects the entire value of your home if you file for bankruptcy, although there are some acreage limits.