Legal Question in Bankruptcy in Florida

Current Bankruptcy Law Effective 01/01/03

I am having an impossible time finding out if there has been a change in the Bankruptcy laws in Florida. Concerning Chapter 11 - Can I still be forgiven of all debt, or as a friend told me recently, after 01/01/03, all people who file for bankruptcy must repay their debt.

I really would appreciate an answer. I am so grateful I found your site.

Thank you very much -


Asked on 1/01/03, 2:09 am

3 Answers from Attorneys
Alexander M. Rosenfeld Rosenfeld & Stein, P.A.

Re: Current Bankruptcy Law Effective 01/01/03

There are no changes in the bankruptcy code for 2003.

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Answered on 1/03/03, 8:49 am
George Savage George S. Savage, P.A.

Re: Current Bankruptcy Law Effective 01/01/03

Chapter 11 is for a business reorganization plan, which envisions paying out the company's liabilities over a period of time and making other arrangements regarding the debt. I am unaware of what your friend is referring to, but there has been a movement to clamp down on credit card debts of individuals.

I would suggest you seek the advise of legal counsel.

Good luck.

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Answered on 1/02/03, 11:20 am
Anthony Comparetto Comparetto Law Firm

Re: Current Bankruptcy Law Effective 01/01/03

Simple answer BANKRUPTCY LAWS HAVE NOT CHANGED!

Chapter 11 is normally for business filers.

Chapter 7 and 13 for individuals.

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Answered on 1/01/03, 9:05 am


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