Tampa Chapter 7 Bankruptcy Lawyers Arkovich Law HomeWhat are exempt assets?
Exempt assets in Florida are covered by Florida Statute, which means that those are the assets that you are able to retain when you file a bankruptcy. In Florida, generally, your homestead is completely exempt. If you do have a homestead, you can claim $1,000 of personal property and $1,000 of value of equity in a vehicle as exempt. If you don't have a homestead, you don't have a home, your exemption for personal property goes up to $4,000 for personal property, plus $1,000 for a vehicle.
