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Codeuvta0102definitionasset
Site.Codeuvta0102definitionasset History
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§ 1(2) “Asset” means property of a debtor, but the term does not include:
->(i) property to the extent it is encumbered by a valid lien;
->(ii) property to the extent it is generally exempt under nonbankruptcy law; or
->(iii) an interest in property held in tenancy by the entireties to the extent it is not subject to process by a creditor holding a claim against only one tenant.
->(i) property to the extent it is encumbered by a valid lien;
->(ii) property to the extent it is generally exempt under nonbankruptcy law; or
->(iii) an interest in property held in tenancy by the entireties to the extent it is not subject to process by a creditor holding a claim against only one tenant.