Income tax can, in some instances, be discharged in a personal bankruptcy. In order for income taxes to be dischargeable, the tax returns had to have been filed at least two years prior, and the same amount of time would have to have gone by before they can become dischargeable.

Income tax can, in some instances, be discharged in a personal bankruptcy. In order for income taxes to be dischargeable, the tax returns had to have been filed at least two years prior, and the same amount of time would have to have gone by before they can become dischargeable.

What Are The Exemptions For Bankruptcy In Florida?

In a Chapter 7 case, in order to obtain the benefit of the discharge, meaning the wiping out of the debt, the tradeoff that the federal government has set is that a consumer is limited on the amount of assets they can keep. The exemptions are the list of property that comes from state and federal law, which says which things you are allowed to keep. In Florida, the abbreviated list includes your homestead or primary residence, a certain allowance of personal property, which includes basic household goods, a limited allowance of vehicle equity, retirement funds, and some other assets. In cases outside of Chapter 7, such as Chapter 13, you are allowed to keep all of your assets, but the exemptions may affect your monthly repayment plan.

Foreclosure in Florida During COVID-19

April 28, 2020

Florida Foreclosure Case during COVID-19

What Will to Happen to Foreclosure Case on My Home?

If you are currently involved in a Florida Foreclosure Case during the COVID-19 pandemic, you should not be worried about your home being sold during the current health crisis.

Governor Ron DeSantis enacted an Executive Order on April 2, 2020 which provides certain protections for individuals who are facing foreclosure during this time. This proves to be timely, especially for those who are facing the threat of losing their homes to foreclosure.

Going over the EO, the statute suspends any residential foreclosures or evictions from taking place for at least 45 days from the date of the Order. To make a long story short, this means any foreclosure sale currently set on May 18, 2020 or earlier will be postponed and rescheduled to a later date.

For reference, you can read a PDF copy of Governor DeSantis’ Executive Order here.

Can I Still Save My Home?

Florida Foreclosure Case during COVID-19

With this suspension on foreclosure sales, lenders may show more willingness to work together with borrowers on coming to a resolution with regard to the foreclosure action. Proper negotiation, especially with the help of an experience foreclosure defense lawyer in Florida, may result in you actually keeping your home in the long term.

If you are facing the threat of foreclosure, you should use this extra time to seek loan modification or other loss mitigation options with your lender. With the threat of the current pandemic keeping things in flux for the foreseeable future, borrowers could be more inclined to work with you on coming to a resolution.

Our team of legal experts Attorney Debt Fighters are here to help you navigate through a Florida Foreclosure Case during COVID-19. For more information on how you can avoid Foreclosure, please contact our office to schedule a free case evaluation.

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Ziegler Diamond Law: Debt Fighters, provides effective legal services to consumers in Clearwater, Florida, and throughout the Tampa Bay area who are facing home foreclosure, unmanageable debts, debt collector harassment, or other debt-related problems.

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Foreclosure in Florida During COVID-19

Florida Foreclosure Case during COVID-19

What Will to Happen to Foreclosure Case on My Home?

Can I Still Save My Home?

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