Homestead Exemption

Debtor must live in the state for 3.3 years (1215 days) to get full homestead exemption (if state even has homestead)

Until the 2005 Bankruptcy Reform, Florida was considered a "debtor's haven" For states that have homestead exemptions (FL, IA, KS, SD, TX, DC) debtor can still shield all the equity in his house as long as he has lived there more than 3.3 years (1215 days)
 * Florida homestead exemption allowed relatively well-off debtors to shield assets

Do you think this is fair? Aren't bankruptcy laws supposed to be uniform? Violation of Equal Protection?

Example
If you've lived in Florida for more than two years (730 days), but not for three years, then can't exempt more than $155,675 of the value of the equity in your homestead

After 3.3 years, you can shield all the equity in your home

If your house in Florida is a second home, can you take advantage of the homestead exemption?

IRAs (up to $1,245,475, adjusted for inflation) are exempt whether debtor chooses State or Federal exemptions