Legal Question in Bankruptcy in Florida

How much equity can I have in a home before it can be seized?


Asked on 10/27/09, 6:09 pm

1 Answer from Attorneys

William Gwaltney William W. Gwaltney, Attorneys at Law

Not completely sure I am clear on what you are asking. In bankruptcy actions in Florida, provided you qualify as a resident, you can have unlimited equity in your homestead property without having to surrender it under the bankruptcy laws. Now, there may be other issues which may make it in your best interest to surrender the home. Simply put, you will not lose your residence solely because of bankruptcy, provided you meet certain requirements.

Read more
Answered on 11/01/09, 6:26 pm


Related Questions & Answers

More Bankruptcy Law questions and answers in Florida