MEMORANDUM OPINION
AARON K. PHELPS, Bankruptcy Judge.
In 1973, the bankrupts became indebted upon a federal government guaranteed student loan. At that time the California homestead exemption was $20,000. Effective January 1, 1977, the homestead exemption was increased to $30,000 and effective January 1, 1979, was increased to $40,000.
The trustee has filed his report of exempt property denying any homestead exemption in excess of $20,000, to which...
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