Arcadia, FL Bankruptcy Law Firms & Lawyers

Anyone calling about a discharged debt, assuming you listed this as a debt with a good address, is breaking the law under 11 USC 524. It also sounds like it borders on extortion threats.

In Florida your home would usually be exempt. You do have to pay a mortgage. You should consult an attorney to see if there is any problem claiming your homestead exemption.

Yes, of course it is an asset in any bankruptcy case.  The keys are what it is worth and what exemptions you have available under applicable state law to protect the asset. When you file a Chapter 7 case, everything you own or have a right to becomes--by operation of law--property of the Chapter 7 Trustee until he/she either gives the property back (called abandonment) or decides to sell it to pay your creditors.   If the asset is exempt (protected by state or federal law) then the Trustee cannot sell it without paying the value to you--up to the exemption amount. Do you already have a patent for your product?  If so, that certainly makes it worth more than one without a patent.  You need have your patent valued (perhaps by a patent attorney or another professional depending on what the invention is for) and then determine, along with an experienced bankruptcy attorney in your area, whether Chapter 7 is worth the risk. Chapter 13 may be another option if the value of your patent becomes an issue. Mark Markus has been practicing exclusively bankruptcy law in California since 1991.  He is a Certified Specialist in Bankruptcy Law by the State Bar of California Board of Legal Specialization,  AV-Rated by martindale.com, and A+ rated by the Better Business Bureau.