bankrupcy laws of florida

The differences between Chapter 7 and Chapter 13 bankruptcy begin with a means test. In order to file under Chapter 7, your family income cannot exceed the Florida median income for families of a similar size.

If you qualify for Chapter 7 bankruptcy, you can discharge unpaid credit cards, medical bills, certain kinds of loans, and other forms of unsecured debt.

If your income is too high, you can file for bankruptcy under Chapter 13. Under Chapter 13, your debt will be restructured in order to allow you to pay off a percentage of what you owe over a 3 or 5 year period.

In both instances, once the court approves your bankruptcy plan, there is very little creditors can do to force you to pay late fees, fines, or harass you as long as you stay current in your payments to the trustee.

You are allowed to keep your secured debt if you wish. This usually means your home, car and any number of other secured purchases such as appliances, jewelry, etc. These debts are allowed to "pass through" bankruptcy without being affected.

for what?

I get the sense this question is asked in reference to a desire to hide assets and worry that the court or it's representative will search for what is being hidden.