In Florida, the exemption laws are very broad and provide substantial protections. Sometimes you must file a Chapter 13 bankruptcy in lieu of a Chapter 7. . to try and avoid foreclosure and put the mortgage loan back to a performing status.
The Florida foreclosure process has a very standard timeline that you need to understand if you're looking to keep your home. First, let's look at how filing for .
Yes, it will stop the foreclosure but you risk having to pay taxes on the windfall you received on the debt the mortgage company wrote off. If you file bankruptcy.