QUESTION
When filing bankruptcy in the state of Florida, how much are you allowed as your valued worth?
Asked on Oct 16th, 2012 on Bankruptcy - Florida
More details to this question:
I am recently divorced & had been a stay at home Mom for about 16 years. I am now returning to college on a pell grant. I do not have a steady income. I substitute teach on the days that I am called. I have a 16-year-old son. I get alimony & child support a month but not enough to cover my attorney fees or the credit cards. What is the actual valued worth that I am allowed to have to file bankruptcy?
1 ANSWER
Criminal Defense Attorney serving Deltona, FL
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R. Jason de Groot, P.A.
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There is no set amount. If you claim homestead exemption you can claim up to $1000 worth of personal property as being exempt from the claims of creditors, if not you can claim $4000. Plus you can claim up to $1000 of equity in a single motor vehicle, and certain other items, as being exempt. Consult with a local bankruptcy attorney.
Answered on Oct 18th, 2012 at 7:03 AM