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Bankruptcy Reform: Use of the Homestead Exemption by Chapter 7 Bankruptcy Debtors in the Northern District of Texas and the Southern District of Florida

GGD-99-142R Published: Jul 12, 1999. Publicly Released: Aug 11, 1999.
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Highlights

Pursuant to a congressional request, GAO provided information on the average and median amount of all homestead exemptions claimed by debtors in the Northern District of Texas and the Southern District of Florida, focusing on: (1) information on debtors' use of the homestead exemption in these two districts; and (2) data on the number of personal chapter 7 bankruptcy cases closed in calendar year 1998 in the remaining five districts in Texas and Florida.

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BankruptcyComparative analysisDebtDebt collectionMathematical analysisPersonal liability (legal)Statistical dataMortgage marketBankruptcy reformTaxes