Abe and Hanna are husband and wife.They have filed for Chapter 7 bankruptcy.However,they cannot agree on which set of property exemptions they want to use.Abe wants to use the federal set of exemptions,but Hanna wants to use the set of exemptions from Michigan,where they have lived for 10 years.Under these circumstances:
A) the federal exemptions will apply to this bankruptcy proceeding.
B) the Michigan exemptions will apply to this bankruptcy proceeding.
C) the federal exemptions will apply to Abe's property and the Michigan exemptions will apply to Hanna's property.
D) the bankruptcy court will decide which set of exemptions to apply.
Correct Answer:
Verified
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