An Individual Debtor in a Chapter 7 Bankruptcy May Exclude

question 78

Multiple Choice

An individual debtor in a Chapter 7 bankruptcy may exclude certain property from the bankruptcy. This property includes which of the following?

• A) $200,000 in equity in his or her home
• B) $5,000 interest in an automobile
• C) Any unmatured life insurance owned by the debtor
• D) Tools of the debtor's trade up to an $8,000 value

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