A debtor is permitted to retain all or a portion of the family home so that the family will retain some form of shelter through which of the following exemptions?

Question

Quizplus · Accepted Answer

The homestead exemption allows a debtor to retain all or a portion of the family home to ensure the family retains some form of shelter. This exemption is specifically designed to protect the value of a home from creditors during bankruptcy or other financial distress.

A Debtor Is Permitted to Retain All or a Portion