With no explanation, chose the best option from "A", "B", "C" or "D". injury by the debtor to another entity, that is owed by an institution-affiliated party of an insured depository institution to a federal regulatory agency; and (4) debt in connection with fraud in obtaining financial aid at an institution of higher education. Notably, there is no general exception provided for nondischargeable debts. The plain language of section 522(c) thus provides that exempt property cannot be used to satisfy "any" debt that aroge prior to the bankruptey-including a nondischargeable one-unless that nondis-chargeable debt falls within one of the four enumerated exceptions. Numerous courts have come to this conclusion regarding the intersection of exempt property and nondis-chargeable debt. See, e.g., Walters v. U.S. Nat'l Bank, 879 F.2d 95, 96-97 (3d Cir.1989) (<HOLDING>); In re Karrer, 183 B.R. 177, 180

A: holding that a party waives an argument that it raises in the background section of its brief but not in the argument section
B: holding that section 12a2 did not apply to a private placement memorandum which was subject to a section 42 exemption
C: holding that section 4a12 is a broadly applicable section of the guidelines
D: holding that an exemption can be claimed even in the face of nondischargeable debt and noting that congress was well aware of the relationship between section 522c and section 528 and carefully excepted from the exemption section some but not all nondischargeable debts
D.