What other assets are protected in bankruptcy?

Video Transcription

Well, in Florida your home is protected. Your homestead. There is a constitutional protection for that. Retirement plans 401k’s are protected. The cash value of life insurance policies as well as each person getting $1,000 each worth of personal property plus another $1,000 in an automobile. If the individual is not claiming a homestead then each filer gets an extra $4,000 worth of assets that would be protected.