If a Home Was Purchased Within 1,215 Days Before the Bankruptcy

Multiple Choice

If a home was purchased within 1,215 days before the bankruptcy petition was filed,the federal homestead exemption under the 2005 Act limits the homestead exemption to:

A) $25,000 of the home's equity.
B) $50,000 of the home's equity.
C) $100,450 of the home's equity.
D) $146,450 of the home's equity.
E) $150,450 of the home's equity.