Section 522 (Bankruptcy Exemptions)
Section 522: exemptions determining what the debtor keeps. FL is opt-out: uses state exemptions. Homestead (Art. X, Sec. 4): unlimited value, 1/2 acre municipal / 160 rural, 730-day domicile. Personal property: $4,000. Wages: head of family 100% exempt. Retirement: fully exempt. Non-exempt: Ch. 7 trustee sells; Ch. 13 must pay value through plan. BAPCPA cap: $189,050 if acquired within 1,215 days.
FL Exemptions
- Homestead: unlimited value
- Personal property: $4,000
- Wages: head of family 100%
- Retirement: fully exempt
Homestead Details
- 1/2 acre municipal, 160 rural
- 730-day domicile required
- BAPCPA cap: 1,215-day acquisition
Non-Exempt Property
- Ch. 7: trustee sells
- Ch. 13: pay value through plan
Related Terms
- Homestead — Property protection
Barnes Walker Bankruptcy
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Reviewed by the attorneys at Barnes Walker, Goethe, Shea & Robinson, PLLC