0
   

Immunity From Paying Debt

 
 
gollum
 
Reply Sun 23 Jul, 2017 02:25 pm
I believe if a Florida citizen defaults on a non-mortgage and owns a home in Florida, a creditor can not put a lien on the house.

Also it the citizen receives a pension, it can't be attached by a creditor.

Is this correct? On what basis?
  • Topic Stats
  • Top Replies
  • Link to this Topic
Type: Question • Score: 0 • Views: 1,348 • Replies: 2
No top replies

 
jespah
 
  2  
Reply Sun 23 Jul, 2017 03:27 pm
@gollum,
Why would Florida real property owners not have rights? Why would pensioners get a free pass on their debts?
http://www.nolo.com/legal-encyclopedia/judgment-liens-florida-46828.html
https://www.freecreditreport.com/blog/can-lender-garnish-pension-benefits/
gollum
 
  1  
Reply Sun 23 Jul, 2017 04:26 pm
@jespah,
jespah-

Thank you.

See Exhibit 1

I think in Florida there is no dollar limit on the Homestead Exemption.

Also, O.J. Simpson has a pension from the N.F.L. and he owes a huge sum of money to the Goldman family on a judgment. I read that the Goldman's can't attach the judgment I believe in Florida.

Homestead Exemption

An exemption from liability given to all or a portion of a primary residence. In most states, only a portion of the homeowner's equity, such as $20,000, can be protected from a bankruptcy trustee or creditors who wish to sell the home to pay off debts owed by the homeowner. Other states exempt all of a homeowner's primary residence from repayment of debts, and still other states exempt all of a homeowner's primary residence only if it is under a certain size.

Learn more about how this exemption can protect your home equity in bankruptcy.
0 Replies
 
 

Related Topics

 
  1. Forums
  2. » Immunity From Paying Debt
Copyright © 2024 MadLab, LLC :: Terms of Service :: Privacy Policy :: Page generated in 0.03 seconds on 11/08/2024 at 08:23:22