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Debtors an unlimited exemption on homes

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Reference no: EM131201564

Some states permit debtors an unlimited exemption on their homes. Is it fair for bankrupts to be allowed to keep multi-million dollar homes, while their creditors remain unpaid? But other states allow as little as $5,000. Should bankrupts be thrown out on the street? What amount is fair?

Reference no: EM131201564

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