Blockchain Registration Transaction Record

Florida Governor Signs Bill Increasing Motor Vehicle Exemption in Bankruptcy

Florida Governor signs bill SB158 into law, increasing the motor vehicle exemption in bankruptcy from $1,000 to $5,000, providing much-needed assistance to individuals in dire financial circumstances.

The new law increasing the motor vehicle exemption in bankruptcy from $1,000 to $5,000 will have a significant impact on individuals in financial distress, allowing them to keep their transportation during bankruptcy proceedings. This change will provide much-needed assistance to those facing dire financial circumstances, helping to prevent the downward spiral into financial insecurity and distress.