Sentences with phrase «non-exempt cash asset»

Not exact matches

In doing this, however, you do stand to lose any non-exempt assets you may have (stocks, bonds, cash in savings accounts, valuable artwork, etc) to the trustee - in - bankruptcy appointed by the court.

If you own assets with values over allowed dollar limits, the Trustee can force liquidation (sale) of these «non-exempt» assets and turn over the cash value to your creditors.

This means that like other «non-exempt» assets, the cash value accrued in your life insurance policy will have to be spent down in order to qualify for your state's Medicaid program.

This means that like other «non-exempt» assets, the cash value accrued in your life insurance policy will have to be spent down in order to qualify for your state's Medicaid program.