1. Locate the exemption statutes of the state of Texas and compare them with the federal exemptions set forth in §522(d) of the Code.
   1. Which appears more generous to debtors?
   2. Which appears more reasonable to you?
   3. If the state of Texas has opted out of the Code exemptions to use its own exemptions, do you think that was a good idea? If it has not, should it?

Answer rating: 100% (QA)

When comparing state and federal exemption statutes its important to consider the ... View the full answer