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BUSINESS LAW A debtor has an automobile worth $5000. The federal exemption applicable to her is $3225. The trustee sells the car and gives the

BUSINESS LAW

A debtor has an automobile worth $5000. The federal exemption applicable to her is $3225. The trustee sells the car and gives the debtor the amount of the exemption. The debtor, exhausted by the bankruptcy proceedings, takes the money and spends it on a six-week vacation in Mexico. Is this abuse of the bankruptcy system?

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