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    Single Question on Bankruptcy Law

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    Which of the following is not a proper federal exemption under the bankruptcy law?

    1. exemption for a car up to a certain amount
    2. unlimited exemption for professionally prescribed health aids, such as an artificial limb
    3. homestead allowance up to a certain amount
    4. unlimited exemption for tools used in the petitioner's trade or business

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    Solution Summary

    Provides reference that identifies the incorrect option.