Cary has to file for bankruptcy because she's unemployed but will be moving to Alabama because her husband was offered a higher-paying job. Three months ago, she paid off her car that is worth approximately $11,000. To protect the non-exempt equity in her vehicle, Cary should _____________.
A) transfer the vehicle to her husband.
B) wait two years to file to comply with the 730-day test.
C) wait six months to file to comply with domicile requirements.
D) research which state offers more favorable exemptions and file based on the 730-day test.
Correct Answer:
Verified
Q3: What is the difference between a non-filing
Q4: How does a separation affect bankruptcy?
Q5: How could a pending divorce case affect
Q6: To confirm if the debtor can file
Q7: Pete relocated from New Mexico to Florida
Q9: In four months, Becky is retiring and
Q10: A debtor's residency and domicile are the
Q11: Describe the difference between residency and domicile.
Q12: What is the 730-day test?
Q13: Exhausted after a double shift, the debtor
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