Briefly describe "opt out" and how it affects the debtor.
What will be an ideal response?
11 U.S.C.A. § 522 permits states to opt out of the federal exemptions in 11 U.S.C.A. § 522(d) and to make the state's exemptions the exclusive exemptions available to the debtor.
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____________________ are written questions submitted to an opposing party, while a(n) ____________________ is an oral examination of a witness under oath.
Fill in the blank(s) with the appropriate word(s).
________ reporters, while not legally obligated to do so, can make reports of suspected abuse on an anonymous basis to the appropriate child protection agency.
Fill in the blank(s) with the appropriate word(s).
?
A. ?Tax levied on an estate for the transfer of property upon death B. ?Tax levied on wages, rents, pensions, annuities, royalties, alimony, and dividends C. ?Tax levied on a donee who transfers property during life D. ?A law that replaced the unified credit with an applicable credit amount E. ?A law that allows any kind of real or personal property to be transferred to a custodianship as a gift to a minor F. ?The United States Individual Income Tax Return G. ?The Application for Automatic Extension of Time to File a United States Individual Income Tax Return H. ?The United States Gift Tax Return I. ?The United States Estate Tax Return J. ?The Application for Extension of Time to File a Return and/or Pay United States Estate Taxes
Which is (are) an example(s) of intangible personal property??
A. ?Online blog B. ?Cash C. ?Bitcoins D. ?All of the above