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Money Buzz 09/02

The end of state homestead exemptions may be in sight, credit and debit cards join forces, and more.

This story appears in the September 2002 issue of Entrepreneur. Subscribe »

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Ready for more fallout? Prompted by public outcry over the many company executives who will keep their multimillion-dollar homes after declaring , is pushing for an end to state homestead exemptions that shield primary residences from bankruptcy proceedings. States like Texas and , where there aren't any limits on the value of the home are primary targets of legislation that seeks to set a national maximum exemption of $125,000.

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