Fact Pattern 15-1 (Questions 12-15 apply)
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 15-1. Other property Mary may own that may be ex?empt from satisfaction of judgment debts includes
A) any property that Mary wishes to exempt.
B) investments that Mary has made in her family's businesses.
C) recreational vehicles that Mary uses on weekends.
D) tools that Mary uses in her trade.
Correct Answer:
Verified
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