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Category: Bankruptcy Law
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In Florida, if I have a personal guarantee on a piece of equipment,

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In Florida, if I have a personal guarantee on a piece of equipment, and can no longer make payments on it, if I file for bancuptcy, is my home at risk?
Submitted: 8 years ago.
Category: Bankruptcy Law
Expert:  NYCLAWYER replied 8 years ago.

It would be exempt as it does not appear to fall into any of the exception below.

  1. The State of Florida and its counties or municipalities, to collect past due property taxes;
  2. Parties to whom the property was specifically pledged as credit for a mortgage;
  3. Mechanics who are owed money for work performed in repairing or improving the property.
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