Sentences with phrase «only exempt assets»

I consult with potential clients who often have only exempt assets (creditors can not touch these possessions) and their income is social security and / or pension.

Not exact matches

Advisory services are only offered to clients or prospective clients where Carbon Beach Asset Management, LLC and its representatives are properly licensed or exempt from licensure.

Upon dissolution or winding up of said corporation's affairs, whether voluntary or involuntary, all of its assets then remaining in the hands of the board of directors shall, after paying or making provision for payment of all of said corporation's liabilities, be distributed, transferred, conveyed, delivered, and paid over only to educational, scientific, literary, or charitable organizations that are exempt from federal income tax under section 501 (c)(3) of the Internal Revenue Code of 1986, as amended, and which are not private foundations within the meaning of section 509 (a) of the Internal Revenue Code of 1986, as amended, on whatever terms and conditions and in whatever amounts the board of directors may determine, for use exclusively for educational, scientific, literary, or charitable purposes, except that no distribution shall be made to organizations testing for public safety.

Generally, the trustee won't sell an asset if you only have slightly more equity than the exempt amount.

The only possible way around this is to sign a contract (often referred to as a prenuptial agreement) that states what assets are to be exempt from divorce proceedings.

In chapter 13, it is possible to keep these unexempt assets IF the debtor pays the creditors the value of the asset through the chapter 13 plan.For example, say a debtor is using the New York exemptions and has a car worth $ 10,000, with no loan, and can only exempt $ 4,000 under New York's motor vehicle exemption.

Advisory services are only offered to clients or prospective clients where Carbon Beach Asset Management, LLC and its representatives are properly licensed or exempt from licensure.

The appellant therefore submits that the lift - stay remedy is only applicable where the debtor spouse is then able to obtain a proprietary interest in exempt assets in pursuit of an equalization claim.

The laws in every state exempt inheritances from distribution to your spouse in a divorce, but this is a sure thing only if you keep the asset consistently titled in your own name.