At the time the petition is filed, property of the estate consists of all legal and equitable interests of the debtor, including the property that the debtor may claim as exempt.

Question

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This statement is true according to the definition of property of the estate in the United States Bankruptcy Code. It includes all the legal and equitable interests of the debtor, whether or not they are exempt from being sold to repay creditors.

At the Time the Petition Is Filed, Property of the Estate