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Fact Pattern 33-2Mary's home is in a state that has a $30,000 homestead exemption. Mary defaults on a $60,000 debt that she owes to Nina. Mary's home is sold at auction for $80,000.
-Refer to Fact Pattern 33-2.Other property Mary may own that may be exempt from satisfaction of judgment debts includes
Conglomerate Mergers
The combination of two or more corporations operating in entirely different industries under one corporate group, usually to diversify business interests and reduce risks.
Illegal Marketing
Practices that violate laws or regulations governing advertising, promotion, and selling of goods or services.
Civil And Criminal Allegations
Legal claims brought in civil or criminal court, with civil allegations involving disputes between individuals or entities and criminal allegations involving violations of laws punishable by the state.
Painkiller
A painkiller is a type of medication used to relieve pain, ranging from mild discomfort to severe pain, and includes over-the-counter options like aspirin and prescription drugs like opioids.
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