Multiple Choice
Fact Pattern 21-1
Mary's home is in a state that has a $30,000 homestead exemption. Mary defaults on a $60,000 debt that she owes to Nina. Mary's home is sold at auction for $80,000.
-Refer to Fact Pattern 21-1. Mary will receive
A) $0.
B) $30,000.
C) $50,000.
D) $60,000.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q7: Concealing assets from a bankruptcy court is
Q23: Bankruptcy law is state law.
Q42: Anthony believes that he needs to obtain
Q44: Fact Pattern 21-1 <br>Mary's home is in
Q49: Creditors can agree with a debtor to
Q50: A husband and wife may file a
Q51: Bankruptcy proceedings are held in federal courts.
Q54: Dana defaults on a debt to Rachel.
Q56: Lionel files a voluntary petition for bankruptcy
Q67: Michael contracts with Jill to fix the