[Exemptions] Liane is injured in an automobile accident and cannot work.She cannot pay her bills and files for bankruptcy relief under Chapter 7.Federal exemptions apply,and Liane lists as exempt $25,000 in equity in her residence;interest in a vehicle of $2,000;interest in jewelry of $400;and retirement funds in her individual retirement account.Her creditors filed an objection to all claimed exemptions except for the home equity claim.
-Once the petition is filed,which of the following forms Liane's bankruptcy estate?

Question

Quizplus · Accepted Answer

A)Once the petition is filed,all the debtor's prepetition assets form the bankruptcy
estate.
B)Once the petition is filed,all the debtor's prepetition assets form the bankruptcy estate.
C)Once the petition is filed,all the debtor's prepetition assets form the bankruptcy estate.
D)Once the petition is filed,all the debtor's prepetition assets form the bankruptcy estate.
E)Once the petition is filed,all the debtor's prepetition assets form the bankruptcy estate.

[Exemptions] Liane Is Injured in an Automobile Accident and Cannot