In the Context of Bankruptcy Proceedings, an Exemption Is Available

In the context of bankruptcy proceedings, an exemption is available to a debtor

A) for any and all money earned during bankruptcy.
B) only if the debtor is an individual rather than a corporation.
C) for personal items but not for assets used for business purposes.
D) under the Bankruptcy and Insolvency Act, but never under provincial legislation, because bankruptcy is a federal matter.
E) for physical assets, like clothes and a car, but never for intangible assets, like insurance policies and pension plans.