Florida Northern District Bankruptcy Guide and Forms Package for Chapters 7 or 13 - Florida 2025

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File an Application to Waive Filing Fee. Individual debtors in chapter 7 cases who meet certain financial requirements may apply for a waiver of the filing and certain other fees by filing Official Bankruptcy Form 103B Application to Have the Chapter 7 Filing Fee Waived.
In a typical no-asset Chapter 7 case, a debtor receives a discharge,and the case is closed within four to six months after filing the bankruptcy petition. However, a Chapter 13 case remains open until all payments are made under the bankruptcy repayment plan.
Under the bankruptcy laws in the state of Florida, personal property up to $1,000 is exempt. Personal property can include such things as electronics, furniture, and art.
The following categories of personal property (anything other than real estate) are exempt: Personal property up to $1,000. Education savings, health savings, and hurricane savings. Prescribed health aids. Prepaid medical savings account and health savings account deposits (Fla. Tax credits and refunds (Fla.
Mandatory Forms for Chapter 13 Bankruptcy 101 Voluntary Petition for Individuals Filing for Bankruptcy. 106Dec Declaration About an Individual Debtors Schedules. 106Sum Summary of Your Assets and Liabilities and Certain Statistical Information. 106A/B Schedule A/B: Property.

People also ask

If an item of property, an investment, or cash is exempt or protected under the bankruptcy exemption laws, you can keep it. You agree to relinquish nonexempt property, things typically considered unnecessary luxury items, to the Chapter 7 bankruptcy trustee appointed to your case.
If you declare bankruptcy, will you lose literally every dollar that you have in your savings? The answer is no: some cash can be exempted in a Chapter 7 case. For example, typically under Federal exemptions, you can have approximately $20,000.00 cash on hand or in the bank on the day you file bankruptcy.

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