Orlando Bankruptcy Attorney

In addition to totally wiping away ALL of your unsecured debt such as your credit card debt, for most of my clients they can also keep most (if not all) of their property.

Example

For example, let’s say you own your own home and your car.  You have $50,000 in credit card debt and you want to know – what can bankruptcy do for me?  For starters, since Florida has an unlimited homestead exemption, you can keep your home no matter how much equity is in your home as long as you stay current on your mortgage.  As far as your car, it can get a little more complex but you can keep up to $1,000 of equity in your car.  That means if you financed your car and there is less than $1,000 of equity in it – you can keep it as long as you stay current on your car payments.  If you own the car outright, then you can still keep it if it is worth less than $1,000.  If it is worth more than $1,000 I may still be able to help you keep it but it will depend on what other assets you have.

There are a number of other pieces of property that you can keep based on how much equity you have in that property.  You can keep for example $1,000 of equity in a car ($2,000 if filing jointly), $1,000 in any personal property, and an unlimited amount of the money held in your 401k or IRA.

Exemption Laws Are Complex – Let Me Do the Work for You

Of course there are a number of other exemptions as well.  The exemption laws are complex and a well qualified bankruptcy attorney will be able to help you get the most out of the exemption laws.  I spend almost everyday working with clients on exempting their assets so I encourage you to give me a call so I can tell you what assets you can keep if you file for bankruptcy.

If you would like to find out what property you can keep through bankruptcy then take me up on my FREE over-the-phone consultation today.