bankruptcy
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Chapter 7 Bankruptcy Means Test Median Family Income Levels By State, as of November 1, 2024
For bankruptcy cases filed on or after November 1, 2024, the median income figure for a household of 1 earner in Florida has increased to $63,916 (from $62,973). Below you will find the median family income levels utilized by the United States Trustee Program for means testing individuals who have filed for bankruptcy relief. Median…
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Old School Bankruptcy Exemption Gets a Modern Facelift
A Victory for Florida Debtors. There was a recent change to Florida law that benefits the vast majority of individuals filing for bankruptcy protection in Florida. Specifically, the change in law provides a long-overdue increase to the property exemptions that Florida debtors are able to claim. What’s an Exemption? When facing financial hardship, bankruptcy can…
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Lawyers, Don’t Fear the Reaper
A.I. may be new and scary, but the legal profession should embrace it, not bogeyman it. One of the benefits of being a licensed Florida attorney is that, every month, without fail, I receive a nice, crisp copy of The Florida Bar News. This month was like no other as I recently received the September…
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Breaking Bad: Bankruptcy Filings Rise 13%
According to the Administrative Office of the U.S. Federal Courts, bankruptcy filings, both personal and business, are on the rise. Bankruptcy filings are reported quarterly, with the most recent quarter being the third straight quarter of increased filings. The entire announcement from the Courts is included, below: Total bankruptcy filings rose 13 percent, and business…
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I surrender. Take my house. Actually, on second thought…
The Second District Court of Appeal issued an October 2019 opinion which bolsters creditors’ rights in the recently-developing interplay of federal bankruptcy law and Florida state foreclosure laws. Specifically, the opinion addressed the effect that a bankruptcy debtor’s surrender of collateral real property has on the debtor’s ability to defend a foreclosure. A Final Summary…