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Mia resides in a home that she owns in New York. New York has a homesteaad exemption of $170,825, which is higher than the federal homestead exemption. When Mia files for Chapter 7 bankruptcy relief in New York, the federal homestead exemption will apply. True False

Mia resides in a home that she owns in New York. New York has a homesteaad exemption of $170,825, which is higher than the federal homestead exemption. When Mia files for Chapter 7 bankruptcy relief in New York, the federal homestead exemption will apply. True False

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Mia resides in a home that she owns in New York. New York has a homesteaad exemption of $170,825, which is higher than the federal homestead exemption. When Mia files for Chapter 7 bankruptcy relief in New York, the federal homestead exemption will apply. True False
Transcribed Image Text:Mia resides in a home that she owns in New York. New York has a homesteaad exemption of $170,825, which is higher than the federal homestead exemption. When Mia files for Chapter 7 bankruptcy relief in New York, the federal homestead exemption will apply. True False
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