MLchartDataset catalogue

Wildcard exemption

Term · Law · MLC-T-LAW-005230

A provision in bankruptcy law that allows debtors to protect a certain amount of property from creditors, even if that property does not fall under other specific exemption categories. This exemption provides flexibility, enabling debtors to apply the exempt amount to any asset they choose. The specific amount of the wildcard exemption varies significantly by state and federal law.

Table 1. Record
IdentifierMLC-T-LAW-005230
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-005230",
  "term": "Wildcard exemption",
  "field": "Law",
  "definition": "A provision in bankruptcy law that allows debtors to protect a certain amount of property from creditors, even if that property does not fall under other specific exemption categories. This exemption provides flexibility, enabling debtors to apply the exempt amount to any asset they choose. The specific amount of the wildcard exemption varies significantly by state and federal law.",
  "url": "https://mlchart.com/terminology/law/wildcard-exemption/"
}

Record 5,367 of 5,441 in Law terminology (MLC-0107). Request the full dataset.