A woman has agreed to settle her bankruptcy case rather than wage a legal battle over whether appreciation in her condo should count against the homestead exemption in the new bankruptcy law.
A Sunny Isles Beach woman — among the first to become entangled in tougher bankruptcy rules intended to end Florida’s reputation as a debtor haven — won’t have to sell her condo to pay creditors.
‘Don’t file bankruptcy if [you] have more than $125,000 in equity,” he warned.