Insert Pages To Legal Florida Bankruptcy Forms For Free

In Florida, we are limited to the value of a vehicle that you can keep in a bankruptcy. When you file a Chapter 7 if your car does have equity, you will need to keep in mind that you're only entitled to $1,000 of equity in the vehicle when you file a Chapter 7.

Examples of nonexempt assets that can be subject to liquidation: Additional home or residential property that is not your primary residence. Investments that are not part of your retirement accounts. An expensive vehicle(s) not covered by bankruptcy exemptions.

Some of the forms you'll have to fill in a Florida Chapter 7 bankruptcy case include: Voluntary Petition for Bankruptcy. Florida Bankruptcy Schedule A/B: To list all your real property and personal property. Florida Bankruptcy Schedule C: Exempt property. Florida Bankruptcy Schedule D: Secured bankruptcy claims.

Vehicle Exemption In Florida In order to keep the car, you will have to negotiate with the bankruptcy trustee to buy back the equity. If you owe on your car, the rules are a little different. If you are behind, the bank will usually repossess the vehicle.

Get Your Filing Fee If you can't pay the fee, you can request a fee waiver from the court. To qualify for a waiver, your income must be less than 150% of the federal poverty guidelines. See the Florida Fee Waiver Eligibility table below.

If a car's value is less than the exemption, you can keep it under Chapter 7 bankruptcy. If it is higher, the bankruptcy trustee may decide to sell the car to help pay your unsecured debt. You would keep the amount of the exemption, with the rest going towards debt.