Florida | Bankruptcy
10/27/09, 6:09 pm
Legal Question
How much equity can I have in a home before it can be seized?
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11/01/09, 6:26 pm
Legal Answer
Not completely sure I am clear on what you are asking. In bankruptcy actions in Florida, provided you qualify as a resident, you can have unlimited equity in your homestead property without having to surrender it under the bankruptcy laws. Now, there may be other issues which may make it in your best interest to surrender the home. Simply put, you will not lose your residence solely because of bankruptcy, provided you meet certain requirements.
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William W. Gwaltney, Attorneys at Law 4832 Kerry Forest Parkway, Suite B Tallahassee, FL 32309
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