What assets are exempt in Florida?
The largest and most common bankruptcy exemptions are: • Homestead. Generally, you may keep the Equity in your home. • Insurance. You usually get to keep the cash value of your policies. • Retirement plans. Most retirement benefits are protected in bankruptcy. • Personal property. A personal property exemption ranging between $1,000 and $4,000. • Vehicle. Equity in a vehicle of up to $1,000.
