Re: Filing for BK in Florida
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Posted by Why Chat (209.240.198.61) on October 18, 2003 at 18:10:17:
In Reply to: Filing for BK in Florida posted by mo28` on October 18, 2003 at 16:47:19:
You take the wholesale value of your car, (usually the trade-in value minus 40%) and deduct your $1,000 Fl. exemption, if you have anything left over, that is what MIGHT be at risk.If you need your car to get to work, or to provide transportation for a disabled family member, it will be exempted. If you have a expensive fairly new car, that is paid off, you might lose it in the BK.
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