In bankruptcy proceedings certain property is "exempt". In each state some property is or is not exempt. Why is a federal court proceeding (bankruptcy) going to recognize property that is exempt under a state statute when bankruptcy is a federal court matter? Why should one state be able to exempt property and another state not exempt property? Is there a reason that Congress would give states this power in a federal court matter? Do you think this is fair? Why or Why Not?

In Washington State what property is exempt under the bankruptcy rules? What policy considerations do you think support those exemptions? In Washington State name at least 3 types of property that is not able to be declared as exempt property.