MLchartDataset catalogue

Nonexempt property

Term · Law · MLC-T-LAW-003439

Assets owned by a debtor that are not protected from creditors during bankruptcy proceedings or debt collection actions. These assets can be seized and sold to satisfy outstanding debts. The specific types and values of property considered nonexempt vary significantly by state and federal exemption laws.

Table 1. Record
IdentifierMLC-T-LAW-003439
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-003439",
  "term": "Nonexempt property",
  "field": "Law",
  "definition": "Assets owned by a debtor that are not protected from creditors during bankruptcy proceedings or debt collection actions. These assets can be seized and sold to satisfy outstanding debts. The specific types and values of property considered nonexempt vary significantly by state and federal exemption laws.",
  "url": "https://mlchart.com/terminology/law/nonexempt-property/"
}

Record 3,423 of 5,439 in Law terminology (MLC-0107). Request the full dataset.