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2. Florida bankruptcy law - Wikipedia

   en.wikipedia.org/wiki/Florida_Bankruptcy_Law

   The Bankruptcy Code provides that each state has the choice whether to "opt in" and use the federal exemptions or to "opt out" and to apply the state law exemptions. Florida is an "opt out" state in regard to exemptions. Bankruptcy in the United States is provided for under federal law as provided in the United States Constitution. Under the ...

3. Bankruptcy Basics: How to File, Types, and More - AOL

   www.aol.com/bankruptcy-basics-file-types-more...

   Bankruptcy is a way for an individual or business to have their debts legally discharged in the event that they cannot pay them. For example, if your home is being foreclosed upon or your debts ...

4. 7 Key Signs Bankruptcy Is Not a Bad Thing for You - AOL

   www.aol.com/finance/7-key-signs-bankruptcy-not...

   Chapter 13 bankruptcy: Chapter 13 allows a distressed debtor who has regular income, and total secured and unsecured debt of no more than $2,750,000, to maintain control of their assets while ...

5. Bankruptcy vs. default: Which route is best for you? - AOL

   www.aol.com/finance/bankruptcy-vs-default-route...

   Filing for bankruptcy, on the other hand, is a legal process that involves listing your debts and assets and finding a way to resolve the debts. Default and bankruptcy usually go hand in hand.

6. Chapter 7, Title 11, United States Code - Wikipedia

   en.wikipedia.org/wiki/Chapter_7,_Title_11...

   Chapter 7 of Title 11 U.S. Code is the bankruptcy code that governs the process of liquidation under the bankruptcy laws of the U.S. In contrast to bankruptcy under Chapter 11 and Chapter 13, which govern the process of reorganization of a debtor, Chapter 7 bankruptcy is the most common form of bankruptcy in the U.S. [1]

7. State defaults in the United States - Wikipedia

   en.wikipedia.org/wiki/State_defaults_in_the...

   Certain scholars and politicians have advocated for a reform of the law to allow states to seek bankruptcy. [6] [3] [4] They argue that the law will require voluntary consent by the state and will not give the federal government or creditors the power to force a bankruptcy; therefore it would not interfere with state sovereignty or be unconstitutional.