This page presents an official legal definition of “Nonexempt assets” from a government
source. Additional definitions will be added as jurisdictions publish them.
United States
Property of a debtor that can be liquidated to satisfy claims of creditors.
The legislature occasionally skips outline levels.
For example:
(3) A person may apply [...]
(4)(a) A person petitioning for relief [...]
In this example, (3), (4),
and (4)(a) are all outline levels, but
(4) was
omitted by its authors. It's only implied. This presents an
interesting challenge when laying out the text. We've
decided to display a blank section with this note, in order
to aide readability.