Rumored Buzz on Slide Cash Loophole
Rumored Buzz on Slide Cash Loophole
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conclusions are in conflict as to whether motorboats can qualify for homestead protection. by way of example, in In re Mead, 255 B.R. 80 (Bankr. S.D. Fla. 2000), the court, observing “no distinction among a mobile property occupying leased Room inside of a mobile dwelling park, and a boat occupying leased dock Area within a marina or in An additional dockage predicament,” permitted a debtor to the declare a homestead in his 34-foot cabin cruiser. numerous other courts have reasoned to the contrary that “a debtor are unable to change a movable chattel into a homestead by choosing to leave the chattel in a single spot or by failing to take care of the chattel within a movable affliction.
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Of course, to generally be eligible for defense from creditors, the property needs to be situated in the point out of Florida.4 Additionally, for policy good reasons, homestead rules are applied liberally in favor on the homeowner.
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