Stuart, Martin County Attorney Protecting Your Rights as a Debtor
If you have failed to pay a debt or judgment, you must understand that you still have rights that are protected by the law. You cannot go to jail for failing to pay a debt, but the information can be reported to the credit bureau and will become part of your credit history. If the credit bureau reports that you have failed to pay your debt, the information can remain on your credit history for seven years. If you find yourself in a situation where you owe money to creditors, it is wise to enlist the help of a Stuart attorney who can protect your rights.
If you own the home that you live in, creditors are not allowed to take your home from you unless they hold a mortgage or lien on your residence. You can protect your home and up to one-half acre of land from any forced sale if you live in an incorporated area such as a mobile home. However, if you owe creditor money that you borrowed to buy, repair, or improve your home, those creditors may put a lien on your home. To learn more about your specific rights and how to protect them, call the distinguished firm of Crary Buchanan.
Call a Stuart, Martin County attorney for help today!
As a debtor, the Florida Constitution gives you the right to exempt up to $1,000 in personal property from confiscation by a creditor. This amount of money can include wages and money held in a bank account, and you get to choose which property you want to protect. The various protections that are available for debtors will change if you have a spouse, and property that is held by a husband and wife as tenants cannot be divided. Determining what protections apply to your situation can be tricky and confusing, but our firm is here to help. We provide resourceful counsel and legal advice that is tailored to your situation, so call today.
Don’t wait to contact a Stuart, Martin County lawyer to learn more about your rights as a debtor!