Exemptions

(a) Exempt property Section 522 of title 11, United States Code, is amended by adding at the end the following: (r) (1) If a medically distressed debtor exempts property listed in subsection (b)(2), the debtor may, in lieu of the exemption provided under subsection (d)(1), elect to exempt the aggregate interest of the debtor, not to exceed $250,000 in value, in property described in paragraph (3). (2) If a medically distressed debtor exempts property listed in subsection (b)(3) and the exemption provided under applicable law for the kind of property described in paragraph (3) is for less than $250,000 in value, the debtor may elect to exempt the aggregate interest of the debtor, not to exceed $250,000 in value, in any such property. (3) The property described in this paragraph is— (A) real property or personal property that the debtor or a dependent of the debtor uses as a residence; (B) a cooperative that owns property that the debtor or a dependent of the debtor uses as a residence; or (C) a burial plot for the debtor or a dependent of the debtor.. (b) Conforming amendments Section 104 of title 11, United States Code, is amended— (1) in subsection (a), in the matter preceding paragraph (1), by inserting 522(r), after 522(q),; and (2) in subsection (b), by inserting 522(r), after 522(q),.