Attorney Robert Schaller discusses Gov. DeSantis’ Veto of Bill Increasing Car Bankruptcy Exemption

Gov. Ron DeSantis vetoed Florida legislation that would have increased the bankruptcy exemption amount for motor vehicles, according to FloridaPolitics.com. Florida is an “opt-out” state that allows individuals to utilize Florida exemptions in bankruptcy. The current Florida vehicle exemption is $1,000. The proposed legislation would have increased the vehicle exemption from $1,000 to $5,000.