You Do Not Need To Lose Everything | Florida Asset Protection
One of the biggest reasons why people delay getting legal help for their debt is the worry of losing everything in a bankruptcy. Too many people have the misconception that creditors will simply seize everything in Chapter 7 or Chapter 13 bankruptcy, leaving them with no property and with the black mark of bankruptcy on their records.
There are ways to protect your assets under state law whether or not you file a bankruptcy, and as a board-certified consumer bankruptcy attorney (through the American Board of Certification) Kathryn A. Hathaway has the experience to help you plan a strategy for protecting your assets now from future potential financial calamity. Clients throughout the Panhandle turn to the attorneys of Hathaway Sprague Law, P.A., for experienced legal help for debt relief. Kathryn Hathaway gives straightforward, effective legal help in a comfortable setting. If you have questions about bankruptcy and how to protect your assets, you deserve nothing less.
How Can I Protect My Assets In A Bankruptcy?
There are many exemptions under Florida and federal law for people whether they are filing for bankruptcy or are otherwise faced with hungry bill collectors. These exemptions include:
- Homestead exemptions
- Personal property exemptions (including a specific exemption for an automobile)
- Insurance exemptions
- Public benefits exemptions
- Wage exemptions
- Exemptions for marital property (under Florida law)
- Many other little-known and under-appreciated exemptions
In addition to statutory and common law exemptions available under the law, our attorneys can identify if and when other options might be advisable. We may be able to strategically use trusts or transfer property to another person (such as a family member) to shield it from being taken by a creditor. Because transfers of property are often deemed fraudulent under the law, it is vital that any plan to transfer property be undertaken only after expert legal advice advising you of all legal ramifications and conducted with legal assistance.
We Would Like To Help You. Contact Our Firm Today.
Learn how we can help you protect your assets. Schedule your confidential consultation with our Tallahassee asset protection lawyers. Call us at 850-391-2884 (toll-free 888-858-5404), or send an email.
Our offices are conveniently located in central Tallahassee, and we help clients throughout the Panhandle.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.