Melinda,a professional musician,artist,has declared herself bankrupt.Which,if any,of her following assets will be available to creditors?

Question

Quizplus · Accepted Answer

Motor vehicle and musical instruments may be considered tools of trade for Melinda and therefore exempt from being seized by creditors. However, her collection of Beatles souvenirs would be considered a personal asset and may be available to creditors.

Melinda,a Professional Musician,artist,has Declared Herself Bankrupt