Thank you for your question.
If you are sued and a judgment is issued against you in the state of Florida certain property you hold will be exempt from collection. They cannot force a sale of:
- Your home (within certain limits that are not an issue for most people)
- Up to $1000 in personal property that you choose
- Your car, unless it is worth more than $1,000, in which case they can force a sale and give you the first $1,000 while keeping the rest.
For all other personal property, they can obtain a lien and they can then force a sale of the property to pay the judgment.
If it is a personal judgment you could choose to protect $1000 of your lawn equipment and products, and $1000 of the value of a vehicle you own.
If the judgment is against your business then there are no exemptions
for any business property.
Please don't hesitate to let me know if you have any additional questions or need more clarification.
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