[Greeklawyer]

In a previous version it said you must have the residence for two years before it can be protected under a homestead exclusion.

This is silly because there is a four year statute of fraud provision in the bankruptcy code right now. You never could just pack up and buy the proverbial sold gold house in texas or florida in order to "hide" your assets.

Does anyone know if they are still alowing the state to select the state's vs the federal personal exemptions?

[Nuke'm Glowing]

From what I had explained to me, the federal exemptions will supercede all state exemptions. This will end up as another states' rights test case before all is said and done. The credit card companies are seeking federal protection to override the states' exemptions to cover for their own foolishness. Just like they do with Argentina, Brazil, etc.