Lindsay has learned that the extent to which a person's primary residence may be exempt property in a Chapter 7 bankruptcy often depends on state laws. She has asked you to answer the following questions:

1. What does the federal code allow for exempt property;

2. Does federal bankruptcy law allow states to grant greater exemptions than are allowed under federal law; and

3. Using the Internet, identify three states that have more generous residence or personal property exemptions than are offered under the US Bankruptcy Code. List and describe the amount of the state exemptions.