Estate

Composed of debtor's legal and equitable property at the time of the filing
 * Real, personal, tangible and intangible property

This includes:

 * Property that debtor "acquires" within 180 days after filing
 * One "acquires" by inheritance, by divorce settlements, or under proceeds of a life insurance policy


 * Profits, royalties, rents, and revenue received during Chapter 7 proceeding
 * Along with proceeds from the debtor's estate
 * Property that trustee recovers as lien creditor
 * Gains rights and powers of any creditor with a Judicial Lien
 * Property that trustee recovers in avoiding voidable preferences
 * Property that trustee recovers to avoid fraudulent transfers
 * Property that trustee recovers to avoid Statutory Lien

This excludes:

 * Education IRAs and 529 Plans
 * Wages received by individual debtor after Chapter 7 starts
 * Included in Chapter 11 and Chapter 13

Exemptions
Protect the debtor's "current" property, as opposed to the concept of a discharge which protects "future" earnings

Permit debtor to keep a minimum amount of property necessary for life and to earn a living To claim any State exemptions, debtor must have lived in that state for TWO YEARS
 * Philosophy behind "fresh start"

To get full Homestead Exemption (if state even has it), debtor must have lived in that state for 3.3 years (1215 days)

Thus, if you have not lived in Florida for two years, you don't get Florida's exemptions, rather the exemptions from the state you came from

If you did not live in a single state in the previous two years, you use the state where you lived the majority of the 180 day period preceding the two year period