WebJan 19, 2024 · The Florida wildcard exemption allows debtors to identify up to $4,000 worth of personal property as exempt from creditors’ claims. This exemption often helps a debtor protect an automobile from seizure. If the debtor has $2,000 equity in the car, the motor vehicle exemption of $1,000 is insufficient. By using a portion of the wildcard ... WebYou could apply $2,000 of that wildcard exemption to your piano leaving $3,000 for other assets. Example. You own a car worth $5,000 outright, but your state's motor vehicle …
Federal Bankruptcy Exemptions Wildcard - Law Offices of …
WebApr 20, 2015 · Those who do not “claim or receive the benefits of” a homestead exemption, have one unique advantage in Florida, the ability to claim a personal property exemption of $4,000 for an individual debtor or $8,000 for joint debtors pursuant to Florida Statute 222.25 (4). This is called the “bankruptcy wildcard exemption,” because the debtor ... WebThis type of exemption is commonly referred to as a “wildcard” exemption since it can be used to protect any type of personal property. Many exemption statutes allow the exemption of only a specific type of property, such as sec. 222.25 (1), which allows a debtor to exempt $1,000.00 of motor vehicle. For a complete list of Florida ... duties of a quality assurance officer
Understanding Florida
WebWhat Is the Florida Wildcard Exemption? Regardless of if you are filing for Chapter 7 or Chapter 13, a debtor can protect their property that is covered by an exemption. If a … WebThe wildcard exemption is $4,000, but you only get it if you do not claim the homestead exemption. This is only fair. After all, most people have much more than $4,000 in equity in their homes. The homestead exemption is a big boon to people who own property in … Mitchell Jordan Nowack Esq. Attorney. Broward Office: 954-349-2265 Palm … FAQs - What is the Wildcard Exemption in Florida? - Nowack & Olson, PLLC We have helped thousands of happy Floridians achieve their goals through … Christian James Olson Esq. Attorney. Broward Office: 954-349-2265 Palm … Jupiter Bankruptcy Lawyer - What is the Wildcard Exemption in Florida? - … Miami Bankruptcy Lawyer - What is the Wildcard Exemption in Florida? - … Call Today For A Free Consultation 866-907-2970 Hablamos Español. $0 down … WebJan 31, 2024 · 11 U.S. Code § 522 - Exemptions. “ dependent ” includes spouse, whether or not actually dependent; and. “ value ” means fair market value as of the date of the filing of the petition or, with respect to property that becomes property of the estate after such date, as of the date such property becomes property of the estate ... duties of a pump attendant