Filing for bankruptcy can be a challenging process. Since federal bankruptcy laws supervise the majority of the bankruptcy process, the general steps are similar to all other states. Despite that, Florida does have a few state specific laws that need to also be...
It used to be that you could not strip a second mortgage in a Chapter 7 Bankruptcy. However, in May of 2012, the appeals court in the 11th Circuit Court for Florida, Georgia and Alabama, ruled that a debtor may strip off a wholly unsecured mortgage or secured lien. ...
