Florida Homestead
Article X,Section 4 (a) of the Florida Constitution provides for a certain exemption of a homestead to the extent of 160 acres of contiguous land and improvements thereon and to the extent of 1/2 acre of contiguous land in a municipality. This homestead is exempt from forced sale and and no judgment shall be a lien thereon, except for the payment of taxes, assessments, and obligations for the improvement or repair thereof.
The Bankruptcy Code provides for certain exceptions to the allowance of a homestead exemptions. One exception may limit the homestead exemption to $136,875, if the property was acquired within 1215 days prior to the bankruptcy filing. Another exception reduces the homestead to the extent that its value is attributable to property, that was otherwise not exempt, that the debtor disposed of during the 10 years prior to filing bankruptcy with the intent to hinder, delay, or defraud a creditor.
Some court have allowed a houseboat or mobile home as an exempt homestead in appropriate circumstances.
The Bankruptcy Code provides for certain exceptions to the allowance of a homestead exemptions. One exception may limit the homestead exemption to $136,875, if the property was acquired within 1215 days prior to the bankruptcy filing. Another exception reduces the homestead to the extent that its value is attributable to property, that was otherwise not exempt, that the debtor disposed of during the 10 years prior to filing bankruptcy with the intent to hinder, delay, or defraud a creditor.
Some court have allowed a houseboat or mobile home as an exempt homestead in appropriate circumstances.