Clearwater / Tampa Bankruptcy Attorneys and Lawyers
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Page 3 of 3 Saving your house and your car Typically, Florida is regarded as one of the best states in which to file bankruptcy because it has the most encompassing list of exempt property in the country. This list includes your home and your car. In order to keep your house and car, you must keep making the payments on your mortgage and auto loan. Florida's homestead exemption law allows you to keep your house, regardless of its value. These exemptions are limited to $125,000 in cases in which you have owned your home for fewer than forty months Other important exemptions There are unlimited exemptions on 401Ks and pension plans, Social Security benefits and Supplemental Security Income, prepaid tuition for your children's education, and workers' compensation benefits. It is important to be aware, however, that bankruptcy does not discharge child support, student loans, drunk driving debts, and certain federal taxes. Taxes and Student Loans Most taxes are non-dischargeable, however, there are exceptions. Some federal taxes may be excepted from discharge. Income taxes under three years old are not dischargeable in bankruptcy. Student loans generally are never dischargeable in a Chapter 7 bankruptcy but there are exceptions. We can explain the process to you and help you understand the choices that are available to you to manage your debt. |
"Serving Pinellas, Pasco, and Hillsborough Counties."
Carolyn Secor, Attorney at Law
Bankrupty Attorney Tampa Bay Florida
Florida Law Firm with Offices in
Clearwater (Main Office) Tampa St. Petersburg Port Richey
Phone: 1-727-254-1704
www.bankruptcyfortampa.com
Bankrupty Attorney Tampa Bay Florida
Florida Law Firm with Offices in
Clearwater (Main Office) Tampa St. Petersburg Port Richey
Phone: 1-727-254-1704
www.bankruptcyfortampa.com
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.