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Justin Filed a Chapter 7 Bankruptcy Petition in Which He

Question 40

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Justin filed a Chapter 7 bankruptcy petition in which he exempted his home,valued at $123,000.Justin can keep his entire home from all creditors if:


A) he claims his exemptions under the federal Bankruptcy Code.
B) he lives in a state that allows an exemption amount of at least $123,000.
C) he lives in a state that allows an exemption amount of at least $123,000, he has lived in that state for at least two years prior to filing for bankruptcy, and there are no secured creditors with perfected liens against the home.
D) None of the above.

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