What is CLAIM OF EXEMPTION?

the right that is given by a judicial process to a debtor who can retain certain personal property that is free from seizure by creditors.

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Related Legal Terms
EXEMPTION, WAIVER OF EXEMPTION, HOMESTEAD EXEMPTION, EXEMPTION PHASEOUT, EXEMPTION CLAUSE, DEPENDENCY EXEMPTION, EXEMPTION FROM SERVICE OF PROCESS, CLAIM, V, THIRD PARTY CLAIM, ELECTRICAL OR ELECTRICAL APPARATUS EXEMPTION CLAUSE


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