# Homestead Exemption

**IRI:** https://folio.openlegalstandard.org/R9xcilcYTdYs5jsLtOtzwqe

## Labels

**Translations:**

- de-de: Hofstelle
- en-gb: Homestead
- es-es: Hacienda
- es-mx: Rancho
- fr-fr: Terre de colonisation
- he-il: חוות נופש
- hi-in: होमस्टेड
- ja-jp: ホームステッド
- pt-br: Propriedade rural
- zh-cn: 农场

## Definition

In a homestead exemption, a property is protected from being sold to pay off debts in a bankruptcy case, as it is considered essential for the debtor's basic needs and livelihood.

## Sub Class Of

- https://folio.openlegalstandard.org/RBuPVAcB52MFzxOD0Ov56jq

## See Also

- https://folio.openlegalstandard.org/RDzGV0uU52QEYp4H0g4bOBP
- https://folio.openlegalstandard.org/RUhSbbDJZa8Crs3tIWcIfV
- https://folio.openlegalstandard.org/RjKL1UdfWL1FCPVhnbIFSF

**Deprecated:** False