Exemptions to protect property during bankruptcy

LIST Code: MO-13-06-00-00

LIST Code

MO-13-06-00-00

Title

Exemptions to protect property during bankruptcy

Definition

This category concerns options a person might have to claim exemptions during a bankruptcy, which would protect certain property (like home, car, benefits, retirement, licenses, insurance, or tools of trade) from being sold by a trustee during the process. There are federal rules on bankruptcy exemptions, and some states have local exemption systems. This category concerns how to claim certain exemptions, deal with objections to them, and how this determines how much a person will have to pay to creditors.

Other Taxonomy Terms

These terms in other taxonomies are equivalent to this term. They are mapped to each other.

  • NSMI v1 Taxonomy: 1010300
Last updated on Jul 01 2022

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