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Cary Has to File for Bankruptcy Because She's Unemployed but Will

Question 8

Multiple Choice

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.

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