?What changes did the 2005 Bankruptcy Reform Act make to the use of state homestead exemptions in bankruptcy proceedings?
What will be an ideal response?
The 2005 Bankruptcy Reform Act significantly changed the law for debtors seeking to use state homestead exemption statutes. In some states, among them Florida and Texas, state homestead exemptions allow debtors petitioning for bankruptcy to shield unlimited amounts of equity in their homes from creditors. The Bankruptcy Code now requires that the debtor must have lived in the state for two years prior to filing the petition to be able to use the state homestead exemption. In addition, if the homestead was acquired within three and a half years before the date of filing, the maximum equity exempted is $125,000, even if the state law would permit a higher amount.
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Answer the following statements true (T) or false (F)
1. Self-defense is a justification that rests upon the belief that innocent people have the right to protect themselves and their property from crime. 2. Deadly force may only be used against an attacker who has initiated the aggression using unlawful force. 3. Deadly force can always be used to protect oneself from another's criminal act. 4. The law recognizes a difference between defense of self and defense of property. Generally, it is not appropriate to use deadly force to defend objects unless a person is also in immediate danger. 5. The necessity defense can never be used to justify a death to protect property.
The cartwheel is an unusual method because:
a. It completely overlooks legal research. b. It completely overlooks legal analysis. c. It blends legal research and legal analysis together. d. It has no bearing on legal research and legal analysis whatsoever.
A Chapter 7 liquidation case may be dismissed for cause after notice is sent to all interested parties and a hearing takes place
Indicate whether the statement is true or false
When a single fact is so significant that if it were changed, the outcome of the case would change, it is referred to as an individual key fact.
Answer the following statement true (T) or false (F)