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Florida Bankruptcy

Exemption Court
Florida Bankruptcy Exemption
Homestead:
Residential home is 100 % exempted owned and occupied in the land of another person.

Land Property:
Up to 160 acres of adjoining land outside the municipality and 1/2 acre of adjoined land in the municipality area which is used as residence.

Wages:
Disposable earnings up to $ 500 per week for the head of the family and for the rest of the family person the greater among the following i.e., 75 % or 30 times the federal minimum hourly wage per week.

Personal Property:
Any kind of personal assets or belongings up to the amount of $ 1,000.

Vehicle:
One automobile up to the extent of $ 1,000.

US Pensioner:
Pension money of US pensioner up to the extent of 3 months (On condition of serious financial crunch).

Total Exemptions for:
  • One motor vehicle.
  • Proceeds payable to another in the event of life insurance.
  • Surrender money of life insurance policies.
  • Proceeds of annuity contracts.
  • Disability insurance benefits.
  • Health aids approved by due authorities.
  • Workmen's & unemployment compensation benefits.
  • Fraternal & Society Benefits.
  • Specific partnership property interest.
  • Police & Fireman's retirement benefits.
  • Teacher's and Public service employee's retirement benefits.
  • Veterans & Old age assistance benefits.
  • Retired public employee's health insurance and deferred compensation benefits.
  • Hazardous occupation damages.

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