20:49
THATS SO FUNNY
Warning
Info
Warning
Info
LSDefine
Simple English definitions for legal terms
nonleviable
Read a random definition: objective meaning
A quick definition of nonleviable:
Nonleviable: This means that certain things like property or assets cannot be taken away from someone, even if they owe money or are bankrupt. This is called being exempt. It's like having a special protection for those things. One example is the Homestead Law, which protects a person's home from being sold to pay off debts.
A more thorough explanation:
Nonleviable
Nonleviable means that certain property or assets cannot be taken away or sold, even in situations like bankruptcy. This is also known as being exempt from execution, seizure, forfeiture, or sale.
- A person's primary residence may be nonleviable under homestead laws, meaning it cannot be taken away or sold to pay off debts.
- Some states have laws that make certain types of income, such as Social Security benefits, nonleviable to protect them from being taken away to pay off debts.
These examples illustrate how nonleviable property or assets are protected from being taken away or sold, even in situations where a person owes money or is in debt.