Jack finds himself overburdened with debt, particularly credit-card debt. Jack does some research and discovers that he qualifies for bankruptcy. At the time he files for bankruptcy, his unsecured credit is $100,000. Jack has few assets, and most of those are exempt property (e.g., his clothes, some furniture). His nonexempt property is $20,000. how much of Jack's debt will be discharged? 

$80,000 

$100,000 

$20,000 

None