Menaxi, a resident of Arkansas, has filed for bankruptcy under Chapter 7. Menaxi has never been married and has no children or other dependents. She owns a small house which is worth $100,000 (fully paid for). She has jewelry which has been recently appraised at $25,000, household furniture which has been appraised at $15,000, and Wal-Mart stock which is valued at $50,000. What is the total dollar amount of the above listed assets which are exempt under Arkansas law?
A. 0
B. $15,000
C. $40,000
D. $50,000
E. $100,000
Answer: A. 0
Business
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