Chapter 7
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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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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…