Exempt assets definition
Exempt assets means assets which are not considered in the determination of financial eligibility for medical assistance.
Exempt assets means bonds, debentures, stocks or other securities issued by the Commonwealth, and includes any securities issued by a State or by any authority constituted by a law of a State the interest on which is exempted by the law of that State from income tax.
Exempt assets means funds and property that defendant would be able to protect from levy and sale under execution under MCL 600.6023 if they were a judgment debtor or funds and property that defendant would be able to exempt under 11 USC 522 if they were a debtor in a bankruptcy case. Defendant must choose either the state or federal exemptions.
Examples of Exempt assets in a sentence
Exempt assets might include the equity in your home, for example.
More Definitions of Exempt assets
Exempt assets. Revenue sharing videos, motor vehicles, and Leasehold Interests.
Exempt assets means (a) the “Exempt Assets” as such term is defined in the Approved Settlement and Transaction Support Agreement; (b) the Membership Interests in ERG Holdings, LLC; and (c) the Class A ERG Plan Trust Beneficial Interests.
Exempt assets means the Debtor’s exempt assets set forth in Schedule C of the Debtor’s Schedules of Assets and Liabilities.
Exempt assets means the assets described in Article VII of the Plan, if any.
Exempt assets means funds and property that defendant would be able to protect from levy and sale under execution under MCL 600.6023 if they were a judgment debtor. “Gross Income” means funds or compensation periodically received from any source during a 52-week period. Gross income includes, but is not limited to, wages, pensions, stock dividends, rents, insurance benefits, trust income, annuity payments, and public assistance.
Exempt assets means assets listed under s. DWD 11.27
Exempt assets means the vessels listed in Appendix A of this Agreement.