Which of the following statements is true of the exemptions available to bankrupt debtors?
A. The set of exemptions is picked by the creditor's committee or the trustee.
B. They can elect to use the set of exemptions provided by either the state or federal bankruptcy law.
C. The debtor can pick the exemptions of the place where the debtor was domiciled for 100 days before filing of the petition.
D. They can elect to keep some items exempted under the state law and other items under the federal law.
Answer: B
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Answer the following statement true (T) or false (F)
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