How to obtain general property exemptions in bankruptcy<br>Calculate the equity in your home. Many states will allow you to exempt a certain amount of equity in your home. To figure out the equity in your house, you should subtract the mortgage from the current market value.

Based on that paragraph can we conclude that this sentence is true?
Bankruptcy exemptions are determined by equity.

OPTIONS:
(I). Yes.
(II). It's impossible to say.
(III). No.