No Asset Case Law and Legal Definition
No Asset Case is a chapter 7 case where the debtor has insufficient assets and money to satisfy the unsecured creditors. In a no-asset case all of the debtor’s property is exempt from liquidation.
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No Asset Case is a chapter 7 case where the debtor has insufficient assets and money to satisfy the unsecured creditors. In a no-asset case all of the debtor’s property is exempt from liquidation.