Orlando, Florida Bankruptcy Attorney James H. Monroe
Regardless of whether you file for Chapter 7 or Chapter 13, there are different kinds of exemptions you can claim. In essence, exemptions allow you to protect certain kinds of property and assets that might otherwise be included in your bankruptcy estate and liquidated to pay a portion of what you owe to your creditors. Under both Chapter 7 and Chapter 13 it is possible that some of your real and personal property could be liquidated to pay all or a portion of what you owe, claiming applicable exemptions can protect items that may otherwise be seized.
At the law office of James H. Monroe, P.A., we work closely with individuals, couples, and businesses filing for bankruptcy. Offering over 25 years of experience as a bankruptcy attorney, Mr. Monroe evaluates your financial situation in order to determine what exemptions you can claim.
For more information about filing for bankruptcy and any exemptions that might apply in your case, contact bankruptcy lawyer James H. Monroe today to schedule a free consultation.
Bankruptcy Exemptions in Florida
Understanding and claiming exemptions can be complicated. If you are considering filing for bankruptcy, consulting with an experienced bankruptcy lawyer can greatly assist you in preparing your bankruptcy petition and avoiding mistakes. While not an exhaustive list, the following represents some of the exemptions that can be claimed:
- Constitutional Homestead exemption
- 401k Savings
- Pension plans
- Prepaid school tuition
- Worker's compensation
- Social Security benefits
- Supplemental Security Income
Consult an Experienced Bankruptcy Attorney
Calculating and claiming exemptions can be extremely complicated. In order to avoid mistakes that could result in your bankruptcy petition being dismissed, contact bankruptcy attorney James H. Monroe today to schedule a free consultation to discuss your case.
