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Are Life Insurance policies protected in Bankruptcy?

Upon the filing of a bankruptcy case, a bankruptcy estate is created from all the property in which the debtor has an equitable or legal claim. The debtor can protect property and take it out of the estate by claiming exemptions. The state of Florida provides debtors...
What are Bankruptcy Exemptions?

What are Bankruptcy Exemptions?

Bankruptcy exemptions protect the debtor’s, the person filing bankruptcy, assets. So think of the exemptions available in your state as a magic invisibility cloak that takes that assets, or a portion of the value of an asset, out of consideration when the trustee is...
When Divorce and Bankruptcy Collide

When Divorce and Bankruptcy Collide

Divorce and bankruptcy are very difficult proceedings on their own. When a soon to be ex-spouse unexpectedly files bankruptcy in the middle of a messy divorce, “what next?” is the question on everyone’s lips. Even the most seasoned divorce attorneys question what they...
Filing Bankruptcy Before Marriage

Filing Bankruptcy Before Marriage

Bankruptcy before saying your wedding vows can save your new spouse from the harmful effects of your debt issues. Debt and finances are not exciting topics to discuss when deciding to get engaged or married, but failure to address existing debt issues turn your wedded...
Budgeting for Paying Debt

Budgeting for Paying Debt

Budgeting and gathering information about your financial life is an essential step in getting control back from debts in your life. With my bankruptcy clients, this is discussed in the consultation and part of the planning process. Developing a plan for success is...
Homestead Exemption Protection & Judgment Liens

Homestead Exemption Protection & Judgment Liens

The Florida homestead exemption is laid out in Art. X, §4 of the Florida Constitution. Article X, Section 4 states that a Florida resident is exempt from the forced sale of his or her homestead real property from a judgment based on money, except for the payment of...
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