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Asset Protection: There is No Place Like Home, Especially if Home is a Florida Homestead |
December 2, 2004
Previously published on March 21, 2003
The U.S. Bankruptcy Code (the "Bankruptcy Code") provides individual debtors with a number of exemptions for purposes of facilitating a "fresh start." It also allows states to "opt out" of the federal exemptions and provide state exemptions of their own. The State of Florida has opted out of the federal exemptions and provides what recent case law has turned into the most liberal homestead exemption in the United States.
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The views expressed in this document are solely the views of the author and not Martindale-Hubbell. This document is intended for informational purposes only and is not legal advice or a substitute for consultation with a licensed legal professional in a particular case or circumstance. |
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