The Bankruptcy Code Allows Debtors to Keep a Maximum of $21,625

question 35

True/False

The Bankruptcy Code allows debtors to keep a maximum of $21,625 in equity in the debtor's place of residence.

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Definitions:

Fractions

A mathematical expression representing a part of a whole, usually in the form of a numerator and a denominator.

Higher Terms

A fraction in which both the numerator and denominator have been multiplied by the same number.

Denominator

In a fraction, the number below the line.

Fraction

A mathematical expression representing the division of one quantity by another, indicating parts of a whole.