Bankruptcy FAQ

Back to the First Page About the Law Offices of Mark Seff Learn What You Can Do about Bankruptcy Description on What We Do with Family Law Directions on How to Get to Our Law Office Multiple Ways to Get in Touch with Us Back to the First Page About the Law Offices of Mark Seff Learn What You Can Do about Bankruptcy Description on What We Do with Family Law Directions on How to Get to Our Law Office Multiple Ways to Get in Touch with Us


Mark A. Seff
Attorney At Law
601 S. Federal Highway
Hollywood, FL 33020
PH: (954) 920-9220
Fax: (954) 929-2440

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Back to the First Page About the Law Offices of Mark Seff Learn What You Can Do about Bankruptcy Description on What We Do with Family Law Directions on How to Get to Our Law Office Multiple Ways to Get in Touch with Us

 


 Bankruptcy FAQ by the Law Offices of Mark Seff
Bankruptcy FAQ

Bankruptcy FAQ

14. Does The New Bankruptcy Law Change The Homestead Protection On My Home?

Generally, the homestead law in Florida protects homeowners from having their homes being sold by creditors to pay off their debt. Prior to BAPCPA going into effect there was an unlimited amount of protection under Florida law. Under the new law, a debtor who has an unlimited homestead exemption under Florida state law loses that exemption in bankruptcy unless the debtor has lived in Florida for more than two (2) years (730 days). Between 730 and 1215 days, the Florida homestead exemption is limited to $136,875.00. If the period is greater than 1215 days the debtor receives the benefit of the unlimited Florida homestead exemption.





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