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0 pointsgarmaine6y ago0 comments

He bought a large house in Florida?

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mfkp6y ago

That's an asset.

I think GP is referring to Florida’s generous homestead exception, which allows a debtor to keep his/her home (regardless of opulence) despite creditors’ claims.

Waterluvian6y ago

Doesn't that mean you're a poor person trying to pay for upkeep of an expensive house? If you sell it they will come take that cash.

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mfkp6y ago

Ah interesting, didn't know about that. Seems like a easily exploitable loophole if so.

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mfkp6y ago

That's an asset.

gnicholas6y ago

I think GP is referring to Florida’s generous homestead exception, which allows a debtor to keep his/her home (regardless of opulence) despite creditors’ claims.

Waterluvian6y ago

Doesn't that mean you're a poor person trying to pay for upkeep of an expensive house? If you sell it they will come take that cash.

1 more reply

mfkp6y ago

Ah interesting, didn't know about that. Seems like a easily exploitable loophole if so.

3 more replies

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