Florida is the fourth-largest US state economy and a major hub for international trade, particularly with Latin America and the Caribbean. Commercial debt collection in Florida operates under both federal and Florida-specific legal frameworks.
Florida's Revised Uniform Commercial Code governs commercial transactions. The Florida Consumer Collection Practices Act (FCCPA) primarily regulates consumer collection, but certain provisions apply to commercial collection practices as well. Statute of limitations: 5 years for written contracts (Florida Statutes Section 95.11).
Florida Circuit Courts handle civil claims above USD 50,000. County Courts handle claims up to USD 50,000. Small claims divisions handle claims up to USD 8,000 with simplified procedures. Florida also has a robust summary judgment procedure for documented commercial claims.
Miami's role as the commercial gateway to Latin America means Florida courts regularly handle cross-border commercial disputes. Judgment recognition and enforcement under Florida law follows the Uniform Foreign-Country Money Judgments Recognition Act.
Prejudgment remedies (attachment and garnishment) are available under Florida law for commercial claims. Florida's homestead exemption is among the strongest in the US, protecting a debtor's primary residence from execution — but this primarily affects individual guarantors, not corporate debtors.
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