Define: Proceeds For Damaged Exempt Property

Proceeds For Damaged Exempt Property
Proceeds For Damaged Exempt Property
Quick Summary of Proceeds For Damaged Exempt Property

In a bankruptcy proceeding, money collected through insurance, arbitration, mediation, settlement or a lawsuit to pay for exempt property that’s no longer exemptible because it has been damaged or destroyed.

Related Phrases
No related content found.
Disclaimer

This site contains general legal information but does not constitute professional legal advice for your particular situation. Persuing this glossary does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.

This glossary post was last updated: 28th March, 2024.

Cite Term

To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

  • Page URL:https://dlssolicitors.com/define/proceeds-for-damaged-exempt-property/
  • Modern Language Association (MLA):Proceeds For Damaged Exempt Property. dlssolicitors.com. DLS Solicitors. March 28, 2024 https://dlssolicitors.com/define/proceeds-for-damaged-exempt-property/.
  • Chicago Manual of Style (CMS):Proceeds For Damaged Exempt Property. dlssolicitors.com. DLS Solicitors. https://dlssolicitors.com/define/proceeds-for-damaged-exempt-property/ (accessed: March 28, 2024).
  • American Psychological Association (APA):Proceeds For Damaged Exempt Property. dlssolicitors.com. Retrieved March 28, 2024, from dlssolicitors.com website: https://dlssolicitors.com/define/proceeds-for-damaged-exempt-property/