FOLIO Ontology

Bankruptcy Schedule - Exempt Property

IRI:
https://folio.openlegalstandard.org/R9vhaGcxC6U5jgAzONHBoFr
Preferred Label Schedule C
Alternative Labels
Exemption Schedule Insolvency Exemptions List Protected Property Schedule

Definition

Bankruptcy Schedule - Exempt Property requires the debtor to list property they claim as exempt from the bankruptcy estate, protecting it from liquidation to satisfy creditor claims. This schedule identifies assets the debtor is allowed to retain under federal or state exemption laws, such as certain amounts of equity in a home, vehicle, or personal items.

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