{"id":4512,"date":"2022-01-25T23:29:45","date_gmt":"2022-01-25T23:29:45","guid":{"rendered":"https:\/\/www.brandonlawyer.com\/?page_id=4512"},"modified":"2023-03-28T15:29:51","modified_gmt":"2023-03-28T15:29:51","slug":"chapter-13-bankruptcy-exemptions","status":"publish","type":"page","link":"https:\/\/www.brandonlawyer.com\/chapter-13-bankruptcy-exemptions","title":{"rendered":"Chapter 13 Exemptions in Brandon, Florida"},"content":{"rendered":"
Like any other state, Florida also has Chapter 13 exemptions that you may utilize to retain some property when filing bankruptcy. It includes a car, a home, a retirement account, and more. In this article, you will learn more about Florida Chapter 13 bankruptcy exemptions with the help of a competent <\/span>bankruptcy attorney<\/span><\/a>.<\/span><\/p>\n If you are facing financial difficulties but are not well-versed in bankruptcy filing, the Golden Law Group is the best bankruptcy law office you can trust. We are a board-certified bankruptcy firm in Florida, providing customized plans and efficient execution for individuals requiring bankruptcy assistance. With more than 20 years of experience and the collaborative efforts of our legal team, we gained a solid reputation in Florida, allowing us to become board certified. If you need efficient assistance, <\/span>schedule a free consultation now<\/span><\/a>!<\/span><\/p>\n Understanding Florida bankruptcy exemptions involves dealing with the complicated bankruptcy code, including its procedures. If this is your first time considering filing for bankruptcy, consulting with a skilled bankruptcy lawyer is highly worthy of your investment. Before hiring one, keep in mind the following good qualities:<\/span><\/p>\n In other words, the Golden Law Group is the bankruptcy firm you need. By dedicating 75% of our practice to consumer bankruptcy for more than 20 years, <\/span>Attorney G. Donald Golden<\/span><\/a> is board certified by the American Board of Certification. Attorney G. Donald has gained invaluable experience over more than 20 years of practice, allowing him to establish a solid reputation in the state. Our legal team respects every Florida resident and provides customized solutions to their debt problems. If you need assistance to file bankruptcy, book a free initial consultation now!<\/span><\/p>\n You can retain your personal property covered by Florida Chapter 13 exemptions, notwithstanding the type of bankruptcy you are filing. However, each bankruptcy chapter treats nonexempt property\u2014these are types of property not covered by the Florida exemptions. In Chapter 13 bankruptcy, you can protect everything that is yours. You have to take note, however, that you need to pay the value of the nonexempt property equity through your repayment plan or your disposable income.<\/span><\/p>\n Furthermore, spouses may double their exemption amount if both own the property for all exemptions aside from the homestead exemption. These exemptions can also be used to protect federal bankruptcy exemptions, tax credits, and stimulus payments.\u00a0<\/span><\/p>\n While it is true that you can legally file for bankruptcy in Florida if you have lived there for 180 days, it is also important to remember that you must reside in Florida longer before you can use Florida bankruptcy exemptions. Otherwise, you can only use the bankruptcy exemptions available in your hometown.\u00a0<\/span><\/p>\n Suppose you lived from one state to another during the past two years before filing the petition. You will use the federal bankruptcy exemptions of the state in which you lived for most of the 180 days immediately preceding your filing.<\/span><\/p>\n Generally speaking, Florida is considered to be one of the most selfless countries when it comes to homestead exemptions. In Florida law, you are allowed to exempt limitless equity in your properties covered by the homestead exemption so long as the property is not greater than 160 acres.<\/span><\/p>\n To be eligible for the Florida homestead exemption, you must have owned a property for at least 1,215 days before filing for bankruptcy. If you do not meet these requirements, federal law may impose restrictions.<\/span><\/p>\n The personal properties listed below are exempt:<\/span><\/p>\n Under Florida statute, a filer may exempt up to $1,000 in maximum equity in a motor vehicle. In cases where you are filing jointly with your spouse, this amount may increase.<\/span><\/p>\n If you are the head of your family, you can legally exempt up to $750 per week, or more than 75%, or 30 times the federal minimum wage under Florida law. Not only is this true for paid wages, but also unpaid wages and wages deposited in a bank account.\u00a0<\/span><\/p>\n Pension payments made to federal government employees for support and claimed three months before declaring bankruptcy are also exempt.<\/span><\/p>\n If a filer does not use the homestead exemption, they may receive up to $4,000 in personal property.<\/span><\/p>\n For public benefits, you may exempt the following:<\/span><\/p>\n You may exempt these for insurance policies and annuities:\u00a0<\/span><\/p>\n <\/p>\n Listed above are the most frequently used exemptions in Florida. There may be other exemptions that apply to your circumstances. You have to make sure that you declare all the bankruptcy exemptions you are entitled to by consulting with a competent bankruptcy lawyer who is well-versed in Florida statutes, Florida bankruptcy law, the Florida Constitution, and other pertinent laws and regulations.<\/span><\/p>\n It is critical to understand your exemptions before filing for Chapter 13 bankruptcy. However, understanding Florida bankruptcy exemptions is difficult for every average person. This should not prevent you from resolving your debt issues. Sometimes declaring bankruptcy is the best option. If you need assistance, contact a skilled bankruptcy attorney.<\/span><\/p>\n Board certified, experienced, and offers personalized legal assistance\u2013these are some of the good qualities of the Golden Law Group. Attorney G. Donald Golden has spent over 20 years assisting individuals with their bankruptcy cases, allowing him to build a reputation, skills, and competencies and become board certified. With enough hard work and dedication, our law firm has grown to become one of the most trusted in Florida.\u00a0<\/span><\/p>\n Under consumer bankruptcy, other than <\/span>exemptions<\/span><\/a>, our law firm handles <\/span>creditor harassment<\/span><\/a>, <\/span>debt collection<\/span><\/a>, <\/span>debt relief<\/span><\/a>, <\/span>foreclosure defense<\/span><\/a>, <\/span>garnishment defense<\/span><\/a>, <\/span>student loans<\/span><\/a>, and <\/span>suing creditors<\/span><\/a>. Book a free initial consultation now!\u00a0<\/span><\/p>\n Like any other state, Florida also has Chapter 13 exemptions that you may utilize to retain some property when filing bankruptcy. It includes a car, a home, a retirement account, and more. In this article, you will learn more about Florida Chapter 13 bankruptcy exemptions with the help of a competent bankruptcy attorney. If you […]<\/p>\n","protected":false},"author":1,"featured_media":4514,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"_links":{"self":[{"href":"https:\/\/www.brandonlawyer.com\/wp-json\/wp\/v2\/pages\/4512"}],"collection":[{"href":"https:\/\/www.brandonlawyer.com\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.brandonlawyer.com\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.brandonlawyer.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.brandonlawyer.com\/wp-json\/wp\/v2\/comments?post=4512"}],"version-history":[{"count":6,"href":"https:\/\/www.brandonlawyer.com\/wp-json\/wp\/v2\/pages\/4512\/revisions"}],"predecessor-version":[{"id":4811,"href":"https:\/\/www.brandonlawyer.com\/wp-json\/wp\/v2\/pages\/4512\/revisions\/4811"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.brandonlawyer.com\/wp-json\/wp\/v2\/media\/4514"}],"wp:attachment":[{"href":"https:\/\/www.brandonlawyer.com\/wp-json\/wp\/v2\/media?parent=4512"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}<\/h1>\n
Why Do I Need a Bankruptcy Lawyer in Florida?<\/b><\/h2>\n
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What are the Exemptions in Chapter 13 Bankruptcy in Florida?\u00a0<\/b><\/h2>\n
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Using Florida Bankruptcy Exemptions<\/b><\/h3>\n
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Florida Homestead Exemption<\/b><\/h3>\n
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Personal Property Exemptions<\/b><\/h3>\n
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Motor Vehicle Exemption<\/b><\/h3>\n
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Florida Wages Exemptions\u00a0<\/b><\/h3>\n
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Wildcard Exemption in Florida<\/b><\/h3>\n
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Public Benefits Exemptions<\/b><\/h3>\n
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Insurance Policies and Annuities Exemptions<\/b><\/h3>\n
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Other Federal Exemptions<\/b><\/h3>\n
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Call our Seasoned Bankruptcy Attorney Now!<\/b><\/h2>\n
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