Wesley Chapel Bankruptcy Lawyers

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Bankruptcy, which can affect and individuals or a business, occurs when someone gets rid of all their debt by going through the federal court system. Your property is sold in order to pay off your debts. When people undergo this type of bankruptcy they are liquidating their assets. The state of Florida has certain bankruptcy exemptions that keep creditors from being able to take certain types of property. These laws are very important for anyone who is thinking about filing bankruptcy. Filing bankruptcy is not an easy decision but both federal and Florida state laws provide helpful 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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