Phrases with «exempt property»

"Exempt property" refers to belongings or assets that are protected and cannot be taken away or used to pay off debts in certain situations. These are usually necessities like a home, basic furniture, clothing, or a car, which are exempt from being seized or sold by creditors or bankruptcy courts. Full definition

property (parent phrase)
exempt (parent phrase)

exempt property

Sentences with «exempt property»

In many cases, you can only exempt property in a category up to a certain value. (natlbankruptcy.com)
To offset these tax exemptions, local governments have taken a number of steps to generate revenue from exempt property owners. (rocklandtimes.com)
The right, available in most states and in the bankruptcy process, to treat your residence as exempt property that can not be sold to satisfy the claims of unsecured creditors. (studentloanborrowerassistance.org)
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Phrases with «exempt property»

Sentences with «exempt property»

See also