In the majority of states,debtors may use only federal exemptions to exempt certain property from the bankruptcy.

Question

Quizplus · Accepted Answer

While some states require debtors to use only federal exemptions, many states offer their own exemptions that debtors may use instead of or in addition to federal exemptions. Additionally, some states may allow debtors to choose between the state's exemptions and the federal exemptions.

In the Majority of States,debtors May Use Only Federal Exemptions