Chapter 7
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Chapter 7 Bankruptcy Means Test Median Family Income Levels By State, as of April 1, 2024
As of April 1, 2024, the median family income levels for Florida have INCREASED An increase in the median income level generally benefits individuals who are in need of debt relief, as it typically makes it easier to qualify for chapter 7 liquidation bankruptcy. For example, for a household of 1 earner in Florida, the…
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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…