Under exemptions in the Bankruptcy Code, a debtor may keep both $20,200 in equity in a residence and $3,225 in equity in a motor vehicle.

Name: Under exemptions in the Bankruptcy Code, a debtor may keep both $20,200 in equity in a residence and $3,225 in equity in a motor vehicle.
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This is correct according to the federal bankruptcy exemptions as of 2021. However, the exemptions may vary between states and may also change over time.

Under Exemptions in the Bankruptcy Code, a Debtor May Keep