Coral Gables is an affluent planned community in Miami-Dade County known as 'The City Beautiful.' Home to the University of Miami, Coral Gables has high property values. Financial crises from medical emergencies, business failure, or divorce can make bankruptcy the right solution even in prosperous communities.
Exemptions determine what property you can keep in bankruptcy. See the full Florida exemptions guide.
The Miami bankruptcy courthouse at 301 N Miami Ave is approximately 7 miles northeast. Filing triggers an immediate automatic stay. High-asset cases may receive additional scrutiny from the Chapter 7 trustee.
Coral Gables residents can access the Dade County Bar Association, University of Miami Law School clinics, and Legal Services of Greater Miami (305-576-0080).
Yes, if it is your primary residence on half an acre or less and you meet the 1,215-day residency requirement. Florida's homestead exemption has no dollar cap. If you have not lived in Florida for 1,215 days, a federal cap of approximately $189,050 may apply.
You must pass the means test. If your household income exceeds the Florida median, a detailed expense analysis determines eligibility. Many high-income filers may need Chapter 13 instead, which allows repayment over 3-5 years while keeping all property.
Filing bankruptcy generally does not affect professional licenses in Florida. Attorneys, physicians, CPAs, and other professionals can file without losing their license. Some associations may have disclosure requirements.
Use the free 1328(f) screener to check whether a prior discharge affects your eligibility.
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