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Mary files for chapter 7 relief. Mary owns a car valued at $2,500.00 with no lien, jewelry worth $2000.00, a vacant lot in Ocala, Florida

Mary files for chapter 7 relief. Mary owns a car valued at $2,500.00 with no lien, jewelry worth $2000.00, a vacant lot in Ocala, Florida valued at $30,000.00 with no lien, and a homestead valued at $1.5m which she intends to keep. What is the liquidation value of Mary's estate and can the chapter 7 trustee sell the assets for the benefit of creditors who timely file a claim?

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$32,500. Yes the trustee can sell the assets

$34,500. Yes the trustee can sell the assets

$32,500. No the Trustee cannot sell the debtor's assets

$2,500. Yes the trustee can sell the assets

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