Under exemptions in the Bankruptcy Code, a debtor may keep both $22,975 in equity in a residence and up to $3,675 in equity in a motor vehicle.

Name: Under exemptions in the Bankruptcy Code, a debtor may keep both $22,975 in equity in a residence and up to $3,675 in equity in a motor vehicle.
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The given statement correctly states the exemptions allowed under the Bankruptcy Code for equity in a residence and a motor vehicle.

Under Exemptions in the Bankruptcy Code, a Debtor May Keep