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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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What does it mean for an asset to be exempt in bankruptcy?

The asset can’t be sold to creditors

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.
User Fukanchik
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