Saving a home and keeping property are key concerns of people who are considering bankruptcy. Most homeowners are relieved to learn that the Florida homestead exemption allows them to keep 100% of their home equity. Without a doubt, a homeowner can keep their home...
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Badgley Law Team
Month: July 2011
Keeping a car in Orlando bankruptcy – making a deal with the trustee
Keeping a car in a chapter 7 bankruptcy is often the biggest challenge for my clients, but it can be done and in fact it’s done all the time. Florida’s exemption law permits a debtor to claim only $1,000.00 in value for one motor vehicle in their bankruptcy. That’s...
How to keep a car in chapter 7 bankruptcy – Reaffirmation agreements
Keeping a car in a chapter 7 bankruptcy can be tricky. If you still owe money on your car loan, the lender has the right to re-possess your car if you stop making payments on the loan. Filing bankruptcy prevents the lender from taking any action repossess your car....