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Tag Archives: property exemptions during bankruptcy

What are My Property Rights? Florida State Exemptions

Bankruptcy allows people who owe more money than they can repay to either pay off a portion of their debt over time by filing a Chapter 13 petition, or request that the court forgive their entire debt by filing a Chapter 7 petition. Bankruptcy trustees may also liquidate debtors’ assets to pay off debts. However, […]

Options for Your Property When You File for Bankruptcy Protection

Chapter 7 bankruptcy gives you the opportunity to liquidate your debt and provides a “fresh financial start” at the completion of your case. Some people may mistakenly believe that they will lose all of their personal property when they file Chapter 7, but this rarely happens. In fact, your personal property can be classified under […]