Federal exemptions in bankruptcy include the debtor's interest, not to exceed $3,775 in value, in one motor vehicle.

Name: Federal exemptions in bankruptcy include the debtor's interest, not to exceed $3,775 in value, in one motor vehicle.
Brand: Quizplus
Rating: 4.9 (55 reviews)

Question

Quizplus · Accepted Answer

This is correct according to the federal bankruptcy exemptions listed on the official United States Courts website as of 2021. However, it's important to note that state exemptions may vary.

Federal Exemptions in Bankruptcy Include the Debtor's Interest, Not to Exceed