Exempt Asset: Canada Debt .ca defines Exempt Asset

Bankruptcy Term Exempt Asset

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Canada Debt has the definition to the bankruptcy and debt term Exempt Asset. Finding answers to terms such as Exempt Asset can be difficult, especially if there is more than one definition which is why we have created a page dedicated to financial terms dealing exclusively with debt. Exempt Asset in financial terms means...

In debt and bankruptcy terms, the phrase / term 'Exempt Asset' is used as follows:

Assets defined as exempt by provincial legislation that are not available to the trustee for the benefit of creditors.