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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.

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