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
Answer: C
You might also like to view...
Courtrooms generally do not have support personnel who are available to assist the members of the litigation team in the use of the technology available in the courtroom or the courthouse
a. True b. False Indicate whether the statement is true or false
The doctrine of stare decisis et non quieta movera means:
A) stand by precedents. B) update your laws. C) advance the law to fit societal needs. D) make decisions quickly.
Distinguish between procedural and substantive law
What will be an ideal response?
What is the meaning of alimony?
What will be an ideal response?