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What does it mean for an asset to be exempt in bankruptcy? The asset can’t be sold to creditors

What does it mean for an asset to be exempt in bankruptcy? The asset can’t be sold to creditors
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What does it mean for an asset to be exempt in bankruptcy?

The asset can’t be sold to creditors

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User NeelIVP
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1 Answer

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When an asset is exempt in bankruptcy, it means that it is protected and cannot be sold or seized by creditors to satisfy the debts owed.
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User Fukanchik
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