Palma Ceia Bankruptcy Attorney

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When an individual's gets rid of all their debt with the help of the federal court system it is called bankruptcy. Those who file this type of bankruptcy give up any property that they own and it is sold in order to pay off their debts. This process is called a liquidation of assets. However, in Florida there are some exemptions in the bankruptcy process which prevent debtors from being able to seize certain items. If you are thinking about starting a bankruptcy procedure it is important to know about these laws. Individuals can benefit from helpful federal and Florida state bankruptcy exemptions.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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