Excluded assets
Assets that do not form part of an insolvency estate because legislation specifically protects or excludes them.
Related terms
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Bankruptcy estate
The pool of assets and rights that pass to or are controlled by the trustee for the purposes of administering a bankruptcy.
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Assets
Things of value owned by a person or business, such as cash, property, vehicles, equipment, investments or money owed by customers.
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Beneficial interest
The financial value a person has in an asset even if the legal title is held jointly or in another name. It is particularly important with property.
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