A(n) ________ permits a debtor to retain all or a portion of the family home so that the family will have some form of shelter if other property is seized to satisfy a debt.

Question

Quizplus · Accepted Answer

The homestead exemption is designed to protect the value of a home from property taxes and creditors following the death of a homeowner spouse. It allows a debtor to keep a portion of their home's value, ensuring the family retains shelter.

A(n) ________ Permits a Debtor to Retain All or a Portion