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Oct 15, 1992

Protecting Non-exempt Assets

Exempt real estate and personal property cannot be seized by creditors to satisfy a debt. This article examines outcomes of several court cases involving debtors who converted assets from non-exempt to exempt status to defeat creditor's claims.
953
By
Judon Fambrough

Exempt real estate and personal property cannot be seized by creditors to satisfy a debt. This article examines outcomes of several court cases involving debtors who converted assets from non-exempt to exempt status to defeat creditor’s claims.

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