Bankruptcy Secrets
Homestead Exemption Loophole
If you haven't lived in your current state for more than two years, your state of residence for bankruptcy purposes will be the state in which you spent the most time during the 180 day period before that two year period.
You can then use that state's homestead exemption. Did you live in a state that had a higher homestead exemption? If you've been moving around a lot it may be to your advantage to claim one state over another - if you can.
