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BK Jurisdiction under the New Laws

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    BK Jurisdiction under the New Laws

    I found this, and am 99% sure someone here was wondering about it but I don't recall what thread of what forum. (Got it from bankruptcyaction.com.)

    New Bankruptcy Law taking effect on October 17, 2005: The state you use for your exemptions is:

    The state you lived in for the 730 days (2 years) before filing; or
    If you did not live in a single state in the previous 2 years you use the state where you lived the majority of the 180 period preceding the 2 year period; or
    If the preceding renders you ineligible for any exemptions then the debtor is allowed to choose the federal exemptions.
    Most of my information is from personal experience or HOURS and HOURS of online research. When you're searching online, keep in mind there is no guarantee that the info is completely up to date, and your situation is unique from anyone else's. Do your homework, and consult with an attorney so you can make an informed decision.

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