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What are the key differences in bankruptcy laws between Florida and California?
Wiki User
∙ 12y ago
Bankruptcy laws are federal so there is probably no difference in bankruptcy laws between Florida and California.
Wiki User
∙ 12y ago
One key difference is the homestead exemption amount, which is unlimited in Florida but capped in California. Another difference is the types of property that can be exempt from creditors, with Florida offering more protection for assets like life insurance policies and annuities. Additionally, the income thresholds for qualifying for Chapter 7 bankruptcy may vary between the two states.
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