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Chapter 7
Consumer bankruptcy filings are expected to remain high in certain parts of the country. Although the filing rate is expected to decline overall in 2014, consumers in areas dominated by high unemployment and a poor housing market are expected to keep filing Chapter 13 Bankruptcy in large numbers. Meanwhile, more and more Chapter 7 bankruptcies...
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Home equity is exempt in Florida, although the amount of the exemption may be a matter of time. If you have a Home Equity Line of Credit, the actual debt may be wiped out but not the lien on your property What is a HELOC? Many people refer to a HELOC as a “home equity...
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