The state_______ exemption allows debtors petitioning for bankruptcy to shield unlimited amounts of equity in their homes from creditors.

Name: The state_______ exemption allows debtors petitioning for bankruptcy to shield unlimited amounts of equity in their homes from creditors.
Brand: Quizplus
Rating: 4.9 (55 reviews)

Question

Quizplus · Accepted Answer

The correct term is "homestead exemption," which is a legal provision designed to protect the value of a home from property taxes, creditors, and circumstances arising from the death of the homeowner spouse.

The State_______ Exemption Allows Debtors Petitioning for Bankruptcy to Shield