Florida Governor DeSantis' New Law Provides Bankruptcy Relief for Motor Vehicle Owners
In a significant development for residents grappling with financial distress, Florida's Governor Ron DeSantis has signed a new law that substantially enhances the financial relief available to those declaring bankruptcy. This newly enacted legislation aims to provide critical support to families across Florida who are trying to maintain their primary mode of transportation during challenging times. Previously, bankruptcy filers were allowed to exempt only $1,000 in equity for their motor vehicles; however, this recent update raises that limit to an impressive $5,000.
Attorney Juan Burgos, a seasoned bankruptcy lawyer in Florida, has been vocal about the positive impact of this change. According to him, the increased exemption allowance will afford individuals more flexibility while navigating their financial difficulties, enabling them to protect essential assets without sacrificing their vehicle. "For far too long, outdated laws have forced hardworking Floridians into impossible decisions between keeping their vehicle or finding financial freedom," Burgos stated. He emphasized that this enhancement provides families with a better chance to rebuild their lives without giving up reliable transportation, which is often crucial for employment, education, and recovery processes.
As part of his commitment to supporting residents in financial need, Burgos offers accessible legal services and recently introduced a special promotion for the start of 2025. His office is providing bankruptcy filing services for an affordable rate of $1,499, which does not include additional filing fees. This initiative aims to assist more Floridians in obtaining the financial help they need without the burden of high legal costs.
To further educate the public on the implications of the new law, Burgos will host several virtual Q&A sessions throughout Florida, scheduled for January 23rd and January 30th, 2025. These sessions will discuss topics such as:
Burgos believes that understanding the parameters of protection during bankruptcy is vital for restoring peace of mind. "Our objective is to educate and empower Floridians to effectively navigate this process, knowing their financial future can be reclaimed," he said.
His law firm specializes in providing compassionate legal support to individuals burdened by debt. With considerable experience, the team helps clients maneuver through the complexities of bankruptcy laws, providing tailored solutions to secure financial relief and a new beginning. In addition to bankruptcy, Juan Burgos also extends expert counsel in personal injury, corporate law, contract law, and small business advisory services.
Fluent in English, Spanish, and Portuguese, Burgos ensures that a broader community of clients can access the legal assistance they require. As he stated, "The beginning of a new year is the perfect time for a fresh start. This law comes at an ideal moment, giving families the opportunity to hold onto what matters most while seeking relief from overwhelming financial pressures."
If you or someone you know is facing debt challenges, Juan Burgos and his experienced team are ready to help regain control over finances. They offer payment plans and free private consultations to guarantee that every client receives the essential legal support they deserve.
To learn more or to schedule a free consultation, potential clients can call 407.505.4190 or send an email to [email protected]
About Juan Burgos, Attorney:
Juan Burgos is a dedicated bankruptcy attorney based in Florida, committed to assisting individuals and families in overcoming financial hardships. His firm provides expert guidance and compassionate legal services for Chapter 7 and Chapter 13 bankruptcies, ensuring clients regain control of their finances and future. Whether facing financial difficulties, restructuring a business, or seeking justice for personal injuries, Juan Burgos Law is the trusted partner for clarity, support, and direction moving forward. Clients can connect with Juan via LinkedIn and Facebook.
Attorney Juan Burgos, a seasoned bankruptcy lawyer in Florida, has been vocal about the positive impact of this change. According to him, the increased exemption allowance will afford individuals more flexibility while navigating their financial difficulties, enabling them to protect essential assets without sacrificing their vehicle. "For far too long, outdated laws have forced hardworking Floridians into impossible decisions between keeping their vehicle or finding financial freedom," Burgos stated. He emphasized that this enhancement provides families with a better chance to rebuild their lives without giving up reliable transportation, which is often crucial for employment, education, and recovery processes.
As part of his commitment to supporting residents in financial need, Burgos offers accessible legal services and recently introduced a special promotion for the start of 2025. His office is providing bankruptcy filing services for an affordable rate of $1,499, which does not include additional filing fees. This initiative aims to assist more Floridians in obtaining the financial help they need without the burden of high legal costs.
To further educate the public on the implications of the new law, Burgos will host several virtual Q&A sessions throughout Florida, scheduled for January 23rd and January 30th, 2025. These sessions will discuss topics such as:
- - The updated motor vehicle exemption and eligibility criteria.
- - How this new law relates to Chapter 7 and Chapter 13 bankruptcies.
- - Key steps to safeguard one’s vehicle during the financial recovery process.
- - Other protected assets in bankruptcy proceedings, including tax-exempt retirement accounts (such as IRAs and 401(k)s) and disability, social security, unemployment, and veterans' benefits.
Burgos believes that understanding the parameters of protection during bankruptcy is vital for restoring peace of mind. "Our objective is to educate and empower Floridians to effectively navigate this process, knowing their financial future can be reclaimed," he said.
His law firm specializes in providing compassionate legal support to individuals burdened by debt. With considerable experience, the team helps clients maneuver through the complexities of bankruptcy laws, providing tailored solutions to secure financial relief and a new beginning. In addition to bankruptcy, Juan Burgos also extends expert counsel in personal injury, corporate law, contract law, and small business advisory services.
Fluent in English, Spanish, and Portuguese, Burgos ensures that a broader community of clients can access the legal assistance they require. As he stated, "The beginning of a new year is the perfect time for a fresh start. This law comes at an ideal moment, giving families the opportunity to hold onto what matters most while seeking relief from overwhelming financial pressures."
If you or someone you know is facing debt challenges, Juan Burgos and his experienced team are ready to help regain control over finances. They offer payment plans and free private consultations to guarantee that every client receives the essential legal support they deserve.
To learn more or to schedule a free consultation, potential clients can call 407.505.4190 or send an email to [email protected]
About Juan Burgos, Attorney:
Juan Burgos is a dedicated bankruptcy attorney based in Florida, committed to assisting individuals and families in overcoming financial hardships. His firm provides expert guidance and compassionate legal services for Chapter 7 and Chapter 13 bankruptcies, ensuring clients regain control of their finances and future. Whether facing financial difficulties, restructuring a business, or seeking justice for personal injuries, Juan Burgos Law is the trusted partner for clarity, support, and direction moving forward. Clients can connect with Juan via LinkedIn and Facebook.
Topics Financial Services & Investing）
【About Using Articles】
You can freely use the title and article content by linking to the page where the article is posted.
※ Images cannot be used.
【About Links】
Links are free to use.