Legal Question in Bankruptcy in Florida
Can I list as exempt my Personal Residence with a net worth value of $300,000?
Asked on 9/28/09, 11:27 pm
1 Answer from Attorneys
Brent Rose
The Orsini & Rose Law Firm
Yes, if you have less than $125,000 worth of equity in the house (which I assume is not true, since you said "net worth") or if you've owned the house more than 1,215 days. You should speak to a bankruptcy lawyer before you file, though. Don't put your house at risk without being certain, because there are other rules that apply to homesteads.
Answered on 9/29/09, 11:44 am
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