Solely for the purpose of applying the provisions of 11 U.S.C. sec. 522(b)(2) in a federal bankruptcy proceeding and only to the extent otherwise allowed by applicable federal law, an individual debtor domiciled in this state is authorized to exempt from property of said debtor’s bankruptcy estate the property specified under 11 U.S.C. sec. 522(d).
Effective: July 15, 2010

Terms Used In Kentucky Statutes 427.170

  • Bankruptcy: Refers to statutes and judicial proceedings involving persons or businesses that cannot pay their debts and seek the assistance of the court in getting a fresh start. Under the protection of the bankruptcy court, debtors may discharge their debts, perhaps by paying a portion of each debt. Bankruptcy judges preside over these proceedings.
  • Federal: refers to the United States. See Kentucky Statutes 446.010
  • State: when applied to a part of the United States, includes territories, outlying possessions, and the District of Columbia. See Kentucky Statutes 446.010

History: Amended 2010 Ky. Acts ch. 155, sec. 7, effective July 15, 2010. — Amended
2005 Ky. Acts ch. 141, sec. 1, effective June 20, 2005. — Created 1980 Ky. Acts ch.
236, sec. 10, effective April 9, 1980.