The trustee is alleging that an asset you claimed as exempt from attachment by creditors actually is not exempt. It would mean that the assets would be counted toward the requirement that you contribute all of your disposable income to payments under your plan.
It means the objection is not effective, so the debtors' exemption claims remain in effect.
It means that person no longer has an objection to your BK plan.
You mean demurred. Demurred means to make an objection.
No Objection Certificate
In a Chapter 7 bankruptcy, the claimed exemption value refers to the amount of property a debtor can protect from liquidation by asserting exemptions allowed under bankruptcy law. These exemptions enable debtors to keep certain essential assets, such as a primary residence, vehicle, or personal belongings, up to a specified value. The claimed exemption amount is crucial as it determines what the debtor can retain while discharging unsecured debts. Ultimately, it helps individuals regain financial stability without losing their necessary possessions.
sustained means: that the judge agrees with the objection and the witness does not have to answer the question Overruled means: that the judge disagrees with the objection and the witness DOES have to answer the question
"Objection overruled" is a ruling by a judge that denies an attorney's objection during a trial, allowing the line of questioning or evidence to proceed. This means that the judge has determined the objection raised lacks legal merit and does not have a valid basis in the rules of evidence or courtroom procedure.
- make trivial objections: to argue over unimportant things and make petty objections - petty objection: an unimportant distinction or petty objection
Income of a living trust is taxable to the trustees, if that's what you mean.
"Objection sustained" is a legal term used by a judge in court to indicate that a lawyer's objection to a question or evidence is valid and should be upheld. This means that the objection is accepted, and the specific question or evidence in question will not be allowed. It serves to protect the rights of the parties involved and ensure that the trial proceeds according to legal standards.
"Objection" means expressing opposition or disapproval to something, often in a formal or legal context. It is commonly used in courtrooms when a lawyer disagrees with a statement or evidence presented by the opposing side.
The judge feels that a rule of the court has been broken. *