Cartoon Guy Holding Stack Of Books

Parens Patriae

ABC Blocks

A debtor’s property that can be taken by the trustee and sold for the benefit of the creditors in a chapter 7 bankruptcy case, or can be seized by creditors if they win a judgment against the debtor. compare: exempt property

Was This Term Helpful?

0 out of 0 found this helpful


Still got a question or concern?

Click here to contact us or go back to the main Glossary page.