Florida State Bankruptcy Exemptions
Laws That Keep Your Creditors' Hands Off Your Property
Exemptions are laws passed by every state that allow you to protect certain
types of your property from your creditors when you file bankruptcy-such as
your home, car, pensions and IRAs, motor vehicles, clothing, tools, and other
important property. Florida law provides a number of exemptions that protect
your property, and your attorney will be able to advise you on which exemptions
are best for you.
Homestead
160 acres of land and improvements if located outside a municipality or ½
acre of land and improvements for a residence located in a municipality. Also,
100 percent exemption for leased dwelling place (including mobile homes).
Wages
$500 per week exemption for head of family (75 percent of weekly earnings
for other individuals).
Automobiles
$1,000 exemption for one motor vehicle.
Other Property
$1,000 exemption for any type of personal property and 100 percent
exemption for hearing aids.
Note: Exemptions may have changed since our last update. For the latest updates on these property exemptions, speak to a local bankruptcy lawyer.
» Read the complete Florida bankruptcy
exemptions here
» Back to Bankruptcy Laws In Your State