Fact Pattern 33-2Mary's home is in a state that has a $30,000 homestead exemption. Mary defaults on a $60,000 debt that she owes to Nina. Mary's home is sold at auction for $80,000.
-Refer to Fact Pattern 33-2.Other property Mary may own that may be exempt from satisfaction of judgment debts includes

Question

Quizplus · Accepted Answer

The fact pattern only mentions that Mary's home is eligible for the homestead exemption, which suggests that her other property would not automatically be exempt. However, tools that Mary uses in her trade may be considered exempt under state law.

Fact Pattern 33-2Mary's Home Is in a State That Has