Monthly Archives: February 2020
How Does Florida’s Homestead Exemption Protect Me in Bankruptcy?
The purpose of bankruptcy is two-fold. First, it enables you to discharge–i.e., eliminate your legal obligation to pay–many if not all of your outstanding debts. Second, it ensures you retain enough property to make a “fresh start.” On this second point, federal and state law allows you to keep or “exempt” certain property. If… Read More »
When Can You Discharge an Unpaid Tax Bill in Bankruptcy?
A question we often get is, “Can I file for bankruptcy to wipe out an unpaid tax bill?” The answer to this question is complicated. While many individual debts can be easily discharged in bankruptcy, there are special rules applicable to taxes. To explain things as simply as possible, you may be able to… Read More »