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In Four Months, Becky Is Retiring and Relocating to Key

Question 9

Multiple Choice

In four months, Becky is retiring and relocating to Key West, Florida where she has a condo that she has used as a vacation home for more than a decade. She wants to file for bankruptcy in Florida because of the generous exemptions for homes. Becky should:


A) file for bankruptcy in Florida after residing in the state for more than four months.
B) reside in Florida at least two years before she files for bankruptcy to protect her Key West home.
C) file for Chapter 12 if she wants to protect the equity in her home.
D) file in 6 months or 180 days.
E) none of the above.

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