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FL S0528
Bill
AI Summary
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Increases motor vehicle exemption from legal process for individual debtors filing under federal Bankruptcy Code from $1,000 to $5,000 in value for a single motor vehicle.
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Applies the $5,000 exemption only to bankruptcy actions filed on or after July 1, 2022.
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Maintains the $1,000 exemption for other legal processes (attachment, garnishment) outside of bankruptcy proceedings.
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Reorganizes Florida Statute 222.25 by converting numbered provisions to lettered subsections without changing existing exemptions for health aids, tax refunds, or other personal property.
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Effective date: July 1, 2022.
Legislative Description
Value of Motor Vehicles Exempt from Legal Process
Last Action
Laid on Table, refer to CS/HB 265
3/8/2022
Committee Referrals
Rules2/11/2022
Full Bill Text
No bill text available