Bankruptcy Law Quiz
4 Questions
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Bankruptcy Law Quiz

Created by
@BelovedMagic

Questions and Answers

What is the maximum value a debtor can exempt in his homestead acquired within 1215 days before filing for bankruptcy?

$155,675

Under what condition can a person claim more than the $155,675 homestead exemption?

Living in the home for 3 1/3 years

What is the cap placed on IRA's according to 522 (n)?

$1.4 million

How does a fraudulent conveyance in the last 10 years affect the homestead exemption?

<p>It is deducted by the amount of the fraudulent conveyance</p> Signup and view all the answers

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