Saving Your Home and Car in Bankruptcy

South Florida Chapter 7 Bankruptcy Lawyer

The concept of filing bankruptcy is an intimidating prospect to some people, who believe that they will lose all of their property and possessions in a filing. Because of several exemptions built into the Florida bankruptcy law, however, most people who file for bankruptcy protection do not lose any property at all. Those with substantial property can usually keep their property if they agree to pay back some of their debt.

At the law office of Kingcade & Garcia, P.A., in Miami, Florida, we have extensive experience handling bankruptcy cases. In fact, we have dedicated our entire practice and profession to educating individuals and families on how the bankruptcy laws apply to their individual situations and guiding them through the process. We can answer your questions. Contact us today to arrange a free office consultation with a caring, trusted, and experienced bankruptcy attorney.

We file over one thousand Chapter 7 bankruptcy cases each year. We know the law. We can tell you what is considered exempt and non-exempt property. Typically, Florida is regarded as one of the best states in which to file bankruptcy because it has the most encompassing list of exempt property in the country. This list includes your home and your car.

In order to keep your house and car, you must keep making the payments on your mortgage and auto loan.

Florida's homestead exemption law allows you to keep your house, regardless of its value. These exemptions are limited to $125,000 in cases in which you have owned your home for fewer than forty months.

The purpose of bankruptcy is to provide individuals and families with a fresh start. At Kingcade & Garcia, our lawyers and staff are committed to serving clients in a culture of care. We understand that this is a difficult decision for you. We want to help you get the debt relief you need so you can move forward, still holding on to your most important asset--your home.

Contact us today to discuss your individual questions and concerns about bankruptcy with a knowledgeable, experienced, and trusted attorney in a free office consultation.