exemption laws

exemption laws
A privilege allowed by law to a judgment debtor, by which he may hold property to a certain amount, or certain classes of property, free from all liability to levy and sale on execution or attachment. Laws enacted by individual states describing the property of the debtor that cannot be attached by a judgment creditor or trustee in bankruptcy to satisfy a debt.
See Bankruptcy Code No. 522

Black's law dictionary. . 1990.

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