Property that may not be seized in bankruptcy is known as

Name: Property that may not be seized in bankruptcy is known as
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Exempt property refers to assets that the bankruptcy law allows a debtor to keep from creditors so the debtor can maintain a basic standard of living. Different jurisdictions have various rules on what exactly constitutes exempt property, but it generally includes items like basic household furnishings, clothing, and a personal vehicle up to a certain value.

Property That May Not Be Seized in Bankruptcy Is Known