Debtors are given the choice between federal exemptions and local exemptions.
Among the many things to think about when considering bankruptcy, is “Which set of exemptions should you use?”  The book, Personal Bankruptcy For Dummies, speaks of the choice that debtors are faced with.
The book says:
“Although bankruptcy law is generally the province of the federal government, [...]

Years of unprofitability finally halts European discount carrier SkyEurope.
Imagine flying somewhere only to end up stranded at your destination, because the airline you used to get there suspended operations.  This scenario turned into a reality for some SkyEurope passengers.  The passengers were forced to buy tickets from other airlines in order to return home.
An article [...]