Credit and Debit Cards
Civil Lawsuits
Math and Arithmetic
Care of Horses

What is nonexempt property?



User Avatar
Wiki User

Real or personal property that can be seized by a judgment creditor for repayment of the debt. In most US states garnishment is usually the first choice of executing a judgment, followed by bank levy or the seizure and sale of non exempt property (stocks, bonds, etc.) or a lien against real property.