Florida Bankruptcy Exemptions

On this page you can find all of the exemptions for Florida. Exemptions are the property that you can keep when you file bankruptcy.

CATEGORY
PROPERTY
AMOUNT
STATUTE
Homestead
Homestead of any person (may be recorded by written statement with Circuit Court)
160 acres of contiguous land and improvements if located outside municipality or 1/2 acre of contiguous land and improvements in municipality used as residence by owner or his family
Art. 10, § 4(a)(1) of Constitution, Fla. Stat. Ann. §§ 222.01, 222.02 & 222.05
Homestead
Dwelling house, mobile home used as residence, or modular home, owned and occupied by debtor on the land of another
100%
Fla. Stat. Ann. § 222.05
Motor Vehicle
One motor vehicle
$1,000
Fla. Stat. Ann. § 222.25(1)
Wild Card
Wildcard Exemption (if no homestead exemption is claimed)
$4,000
Fla. Stat. Ann. § 222.25(4)
Wild Card
Personal property of any nature
$1,000
Fla. Const. Art. 10, § 4(a)(2)
Wages / Wage Garnishment
Disposable earnings (exempt earnings in bank account are exempt for 6 month if traceable)
$750 per week for head of family The greater of 75% or 30 times the federal minimum hourly wage per week for other persons
Fla. Stat. Ann. § 222.11
Insurance
Proceeds of life insurance policies of resident insured payable to another
100% (exemption applies only to insured)
Fla. Stat. Ann. § 222.13
Insurance
Preneed Funeral Contract Consumer Protection Fund
100%
Fla. Stat. Ann. § 497.456(8)
Insurance
Fraternal Benefit Society benefits
100%
Fla. Stat. Ann. § 632.619
Insurance
Disability insurance benefits
100%
Fla. Stat. Ann. § 222.18
Insurance
Proceeds of annuity contracts of state residents or citizens
100%
Fla. Stat. Ann. § 222.14
Insurance
Cash surrender value of life insurance policies on lives of state residents
100%
Fla. Stat. Ann. § 222.14
Personal Property
Professionally prescribed health aids
100%
Fla. Stat. Ann. § 222.25(2)
Personal Property
Federal tax refund or earned income credit
100%
Fla. Stat. Ann. § 222.25(3)
Pensions / Retirement Accounts
Public employees' retirement benefits
100%
Fla. Stat. Ann. § 121.131
Pensions / Retirement Accounts
Teacher's retirement benefits
100%
Fla. Stat. Ann. § 238.15
Pensions / Retirement Accounts
Firemen's retirement benefits
100%
Fla. Stat. Ann. § 175.241
Pensions / Retirement Accounts
Police retirement benefits
100%
Fla. Stat. Ann. § 185.25
Pensions / Retirement Accounts
Retired public employees health insurance subsidies
100%
Fla. Stat. Ann. § 112.359 & 112.363
Pensions / Retirement Accounts
Benefits from and contributions to retirement or profit-sharing plan qualified under I.R.C.
100% of tax-qualified amounts
Fla. Stat. Ann. § 222.21(2)
Pensions / Retirement Accounts
Government employees deferred compensation benefits
100%
Fla. Stat. Ann. § 112.215(10)(a)
Pensions / Retirement Accounts
Pension money of U.S. pensioner
3 months' pension if needed for support of debtor or family
Fla. Stat. Ann. § 222.21(1)
Pensions / Retirement Accounts
State and county employees' retirement benefits
100%
Fla. Stat. Ann. § 122.15
Public Benefits
Veterans' benefits
100%
Fla. Stat. Ann. § 744.626
Public Benefits
Unemployment compensation benefits
100%
Fla. Stat. Ann. § 443.051
Public Benefits
Workmen's compensation benefits
100%
Fla. Stat. Ann. § 440.22
Public Benefits
Crime victim’s compensation
100%, except for expenses resulting from the injury which is the basis for the claim
Fla. Stat. Ann. § 960.14
Miscellaneous
Damages for injuries or death awarded to employees in hazardous occupations
100%
Fla. Stat. Ann. § 769.05
Miscellaneous
Specific partnership property
100% of partner's interest
Fla. Stat. Ann. § 620.8203
Miscellaneous
Benefits listed in 11 U.S.C. 522(d)(10) (See Federal Bankruptcy, Exemptions supra, this Appendix, for specific benefits)
100% of federal exemption amounts
Fla. Stat. Ann. § 222.201
Tuition Savings Account
Moneys paid into or out of Florida Prepaid College Trust Fund or Medical Savings Account
100%
Fla. Stat. Ann. § 222.22

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