Personal Property

Bankruptcy And Personal Property

Call: 888-297-6203 Filing for bankruptcy in Jacksonville, Florida, exempts a certain amount of the filer’s personal property from the collection by creditors. Normally, debtors are allowed to keep the personal property worth $1000, vehicle equity worth $1000 and then either a homestead or an additional personal property worth $4000. A property needs to be under half-acre, if it is in a municipality, and up to 160 acres, if it is in an incorporated area, for it to qualify for a homestead. The value assigned to the property should be its approximate auction value, i.e., the value which you [...]