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thank you Refer to Fact Pattern 15-2. Fact Pattern 15-2: Adam's home is in a state that has a $15,000 homestead exemption. Adam defaults on

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Refer to Fact Pattern 15-2. Fact Pattern 15-2: Adam's home is in a state that has a $15,000 homestead exemption. Adam defaults on a $30,000 debt that he owes to Beth and then declares himself bankrupt. Adam's home is sold at auction for $40,000. Assume no other debts or assets. Adam will receive 1) $30,000. 2) $25,000. 3) nothing. 4) $15,000

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