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DIGEST OF INTRODUCED BILL
Bankruptcy exemptions. Provides that if the total value of property claimed as exempt by a bankruptcy debtor with respect to certain specified categories of property is less than the sum of the maximum allowed exemption values for those categories, the debtor may apportion among the specified categories an amount equal to the difference between the sum of the maximum allowed exemption values and the total amount claimed as exempt, notwithstanding the applicable maximum exemption value for each category. Provides that the total amount of intangible personal property that may be claimed as exempt by a debtor may not exceed $10,000.