In order to file for bankruptcy in the state of Florida, an individual or business must meet certain requirements.
First, the individual or business must reside or have a place of business in Florida for at least 91 days before filing for bankruptcy.
Second, the individual or business must complete a credit counseling course from an approved agency within 180 days prior to filing for bankruptcy. This course covers topics such as budgeting, money management, and debt management.
Third, the individual or business must complete and file the necessary bankruptcy forms with the bankruptcy court. These forms include a petition, schedules of assets and liabilities, a statement of financial affairs, and a means test if applicable.
There are also certain limitations and exceptions to filing for bankruptcy in Florida. For example, there are income limits for filing under Chapter 7 bankruptcy in Florida, and some debts may not be dischargeable under any chapter of bankruptcy.
If an individual or business is considering filing for bankruptcy in Florida, it is important to consult with a licensed attorney who can provide personalized legal advice and guidance. An attorney can also assist with completing and filing the necessary forms, and can explain any potential limitations or exceptions to the bankruptcy process.
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