Re: Som exemptions make no sense.

Posted by Don (64.203.129.86) on February 01, 2004 at 20:33:38:

In Reply to: Som exemptions make no sense. posted by BKorNot on February 01, 2004 at 14:29:32:

A fellow lives in a state that allows a one-horse exemption. He cashes out all his assets and buys a thoroughbred racehorse for a few hundred thousand dollars. There are many creative ways to preserve assets in bankruptcy.

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