Video: Are homesteaded houses protected in bankruptcy?
Under Florida law we have some of the strongest laws protecting one's homestead. If you were to file a personal bankruptcy, provided that your home fits within a certain geographical limitation, your home would be protected from most creditors in a bankruptcy and you would be able to keep your home. There are certain creditors that would be able to go after your home such as the real estate taxes that are due on your home must be paid. If you hire a contractor to work on your home, say to fix your kitchen, they could slap a construction lien against your home so you need to pay them. Lastly, consensual mortgages, mortgages that you've put on your home, home equity lines. All of those type of creditors would also be able to foreclose on your home.