Bankruptcy Under Chapter 7 bankruptcy, there are certain items you may keep which a creditor may not pursue. For example, most states will allow a person who succeeds in their bankruptcy filing to keep their clothing, social security payments that have been saved, household items, a cheap inexpensive car, house (in some states), pets, basic household appliances, some … [Read more...]

An ownership interest in real property that will pass to another person or party only if certain events occur or specific conditions are met. … [Read more...]

Freedom from a general duty or service; immunity from a general burden, tax, or charge. Green v. State, 59 Md. 128, 43 Am. Rep. 542; Koenig v. Railroad Co., 3 Neb. 380; Long v. Converse, 91 U. S. 113, 23 L. Ed. 233. A privilege allowed by law to a judgment debtor, by which he may hold property to a certain amount, or certain classes of property, free from all liability to levy … [Read more...]

via executoria. In Louisiana, this is a process which can be resorted to only in two. cases, namely: 1. When the creditor's right arises-from an act importing a confession of judgment, and which contains a privilege or mortgage in his favor. 2. When the creditor demands the execution of a judgment which has been rendered by a tribunal different from that within whose … [Read more...]

Persons who are not bound by law, but excused from the performance of duties imposed upon others. 2. By the Act of Congress of May 8, 1792, 1 Story, L. U. S. 252, it is provided, Section 2. That the vice-president of the United States the officers, judicial and executive, of the government of the United States; the members of both houses of congress, and their respective … [Read more...]