Definition from Nolo’s Plain-English Law Dictionary
A married couple's right to double the amount of certain property exemptions when filing for bankruptcy together. For example, if a state allows doubling and provides an exemption for equity in a motor vehicle up to $4,000, a married couple filing for bankruptcy together could exempt up to $8,000 in equity.
Definition provided by Nolo’s Plain-English Law Dictionary.
August 19, 2010, 5:15 pm