Dan is considering bankruptcy. He has the following assets: $34,000 equity in home, $5,000 equity in motor
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Dan is considering bankruptcy. He has the following assets: $34,000 equity in home, $5,000 equity in motor vehicle, $500 in personal items and clothing, $2,000 in appliances and furnishings, $2,000 in tools of trade, and $8,000 in jewelry. Search online for the federal bankruptcy exemption amounts for the current year. How much (total) will he be allowed in exempted items?
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Related Book For 
Managing Your Personal Finances
ISBN: 9781305076815
7th Edition
Authors: Joan S. Ryan, Christie Ryan
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