Attention Florida residents! Are you curious about what you might lose when filing for Chapter 7? As a Florida bankruptcy attorney, I often get asked this question. The answer depends on your unique financial situation. In a Chapter 7 bankruptcy, assets that are not exempted by law may be sold to repay your creditors. This means you may lose some personal property, such as your car or other valuable assets. However, many types of property are exempt under Florida law, meaning you can keep them even after filing for bankruptcy. Examples of exempt property in Florida include: Homestead property Personal property up to $1000 Retirement accounts, including IRAs and 401(k)s Social Security benefits, disability benefits, and other government benefits Working with an experienced bankruptcy attorney who can help you determine which assets are exempt and which may be at risk in a Chapter 7 bankruptcy is essential. Exemptions are not automatic and must be properly claimed. At Stiberman Law, we have the knowledge and expertise to guide you through bankruptcy and protect your assets to the fullest extent possible. If you're considering Chapter 7 bankruptcy and have questions about what you might lose, don't hesitate to contact our office today. We offer a free consultation to help you understand your options and make an informed decision. Visit our website at https://stibermanlaw.com/bankruptcy/chapter-7-attorney/ to learn more about how we can help you achieve financial freedom.