Fact Pattern 20-1
Mary's home is in a state that has a $30,000 homestead exemption.Mary de-faults on a $60,000 debt that she owes to Nina.Mary's home is sold at auc-tion for $80,000.
-Refer to Fact Pattern 20-1.Other property Mary may own that may be ex-empt from satisfaction of judgment debts includes

Question

Quizplus · Accepted Answer

The tools that Mary uses in her trade may be exempt from satisfaction of judgment debts. Each state has different exemptions, but tools used for one's occupation or trade are often protected. The other options provided (A, B, and C) do not typically qualify for exemption from judgment debts unless specifically outlined in the state's exemption statutes.

Fact Pattern 20-1 Mary's Home Is in a State That Has a $30,000