Question

An absolute $136,875 homestead cap applies if:

A. the debtor's aggregate interest exceeds $1,450 in value in jewellery held primarily for the personal, family, or household use of the debtor.

B. retirement funds that are in a fund or account are exempt from taxation under the Internal Revenue Code.

C. the debtor's interest exceeds $136,875 in value in real or personal property.

D. the bankruptcy court determines that the debtor has been convicted of a felony.

Answer

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