Question
Is my house in Florida exempt in bankruptcy?
I live in New York and have a house in Florida which is rented out. I have not lived in that house since May 07. I want to file for bankruptcy up here. Will my house be exempt on the bankruptcy as its in another state? there is no equity in the house. I owe a few grand more than what it is worth. I went to an attorney up here and they wanted to charge me $350 to do the research to find this out. Would any one be able to tell me? As of today this house is vacant and have no renters in there, does that make a difference?
6 months ago - 3 answers
Best Answer
Chosen by Asker
It is not exempt, it is an asset of yours. It does not matter if you have it rented or not, it is still an asset that has to be liquidated. That attorney is a shark, he knows this off the top of his head, he does not need to research anything.
by Landlord
6 months ago
Asker's Rating: 