The Slide Cash Loophole Diaries
The Slide Cash Loophole Diaries
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selections are in conflict as to whether motorboats can qualify for homestead safety. as an example, in In re Mead, 255 B.R. eighty (Bankr. S.D. Fla. 2000), the court docket, looking at “no distinction involving a mobile home occupying leased Area inside a cellular dwelling park, and a boat occupying leased dock House in the marina or in Yet another dockage predicament,” permitted a debtor to some assert a homestead in his 34-foot cabin cruiser. various other courts have reasoned on the contrary that “a debtor can't completely transform a movable chattel into a homestead by selecting to go away the chattel in one spot or by failing to take care of the chattel inside a movable situation.
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if the residence is in or without a municipality is of important importance in pinpointing the percentage of the debtor’s homestead that can be secured. As said earlier mentioned, Florida’s constitutional safety is mostly limited to the extent of one-fifty percent acre if the residence is inside of a municipality.
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