8. The is a protection for debtors that allows them to either keep their house or to have sufficient funds to find a place to live. 9. State exemption statutes usually include only personal property. a. True b. False

The homestead exemption is a protection for debtors that allows them to either keep their house or to have sufficient funds to find a place to live.

State exemption statutes usually include only personal property - True.

The values of the resident's home can be protected form the creditors, property taxes, situations that comes when the spouse of the house owner dies with a legal regime called The homestead exemption. In most of the states in US these laws exists in the constitution.

Thus this homestead exemption helps the debtors allowing either keep their house or to have sufficient funds to find a place to live.  The state exemption statutes will always include only personal property. The exempt property also includes the things that are essential for an person in keeping or maintaining the job he holds.  

answer; (10%) commission;