Florida Bankruptcy Exemptions 2026: What You Actually Get to Keep
Florida bankruptcy exemptions are among the strongest in the country. See what the homestead, wildcard, vehicle, wage and retirement protections cover in 2026.
Can You Discharge Tax Debt in Bankruptcy? IRS Debt in Chapter 7 and 13 (2026)
Short answer: Yes, some tax debt can be discharged in bankruptcy — but only income taxes that meet strict age and filing requirements. As a general rule, federal or state income tax can be wiped out in Chapter 7 if the return was due at least three years ago, was actually filed at least two […]
How Often Can You File Bankruptcy in Florida? Waiting Periods Explained (2026)
Short answer: There is no legal limit on how many times you can file bankruptcy in Florida — but there are strict waiting periods before you can receive another discharge (the court order that wipes out your debts). The clock runs from filing date to filing date: 8 years between two Chapter 7 discharges, 2 […]
Can I Keep My House in Chapter 7 Bankruptcy in Florida? (2026)
Short answer: In most cases, yes. Florida’s homestead exemption is one of the strongest in the nation — it protects an unlimited amount of equity in your primary residence, as long as the property fits within size limits and you meet residency requirements. If you are current on your mortgage payments and keep paying, you […]
Chapter 7 vs Chapter 13 in Florida: Which Bankruptcy Should You File? (2026)
Chapter 7 vs Chapter 13 in Florida: compare cost, timeline, the 2026 means test figures, what you keep and what gets wiped out — and which chapter fits your case.
Florida Chapter 7 Means Test: 2026 Income Limits and How to Qualify
Short answer: The Chapter 7 means test compares your household’s average gross income over the six months before filing against the median income for a Florida household of your size. For bankruptcy cases filed on or after July 15, 2026, the Florida medians are $69,876 for a one-person household, $86,523 for two people, $97,540 for […]
Can I Keep My Car in Chapter 7 Bankruptcy in Florida? (2026)
Short answer: In most Florida Chapter 7 cases, yes — you can keep your car. Florida law lets you protect up to $5,000 of equity in one motor vehicle (Fla. Stat. § 222.25(1)), and if you don’t claim the homestead exemption, you can add a $4,000 wildcard exemption on top — protecting up to $9,000 […]
Exploring the Key Differences Between Chapter 7 and Chapter 13 Bankruptcy: Which Option is Right for You?
Introduction Bankruptcy is a legal process designed to provide relief to individuals and businesses who are unable to meet their financial obligations. For many facing overwhelming debt, understanding the differences between Chapter 7 and Chapter 13 bankruptcy can be crucial in determining the best path forward. This article will explore both options in depth, examining […]
Understanding Chapter 7 vs. Chapter 13 Bankruptcy: Key Differences and Common Misconceptions
Introduction Bankruptcy is a complex and often misunderstood legal process that provides relief to individuals and businesses struggling with overwhelming debt. Understanding the different types of bankruptcy, particularly Chapter 7 and Chapter 13, is crucial for anyone considering this option. This article aims to clarify the distinctions between these two chapters, addressing their processes, eligibility […]
The Essential Role of a Bankruptcy Lawyer: Navigating the Complexities of Financial Distress and Legal Protection
Introduction In today’s society, financial distress can affect anyone, regardless of their income level or profession. Bankruptcy is a legal status that allows individuals or businesses to discharge their debts under the protection of federal law. However, navigating the complexities of bankruptcy can be daunting, especially for those who are unfamiliar with the legal system. […]