Court rulings and general practice experience have established a general idea of what types of property are exempt and non-exempt. Below are examples of property that a Chapter 7 debtor will usually have to give up (non-exempt property), and property that the debtor may usually keep (exempt property). Property That Is Not Exempt
http://bankruptcy.findlaw.com/chapter-7/exempt-vs-non-exempt-property-under-chapter-7.html
A non asset based 3PL is free from vested interests that can sometimes influence an asset based 3PL. For example, when it comes to freight claims management, a non-asset 3PL can also avoid any bias when acting to protect you in case of a claim for damages as it is in the best interest of the non asset 3PL to get the highest payment for your claim, offering clear and open communication.
http://cerasis.com/2013/08/22/non-asset-based-3pl/
Exempt property (items that a debtor may usually keep) can include: 1  Motor vehicles, up to a certain value. 2  Reasonably necessary clothing. 3  Reasonably necessary household goods and furnishings. 4  Household appliances. 5  Jewelry, up to a certain value. 6  Pensions. 7  A portion of equity in the debtor's home.
http://bankruptcy.findlaw.com/chapter-7/exempt-vs-non-exempt-property-under-chapter-7.html
Yesterday I wrote plainly about the difference between asset based and non-asset based 3PL companies. Simply put, the difference between the two is that asset based 3PL own parts of the supply chain such as trucks, warehouses, and more. A non asset 3PL does not own any of these, and is typically agnostic in the way of warehousing and transportation providers. Today I will discuss the advantages and disadvantages of each. Typically, the advantage of one is a disadvantage of the other's.
http://cerasis.com/2013/08/22/non-asset-based-3pl/
By analyzing individual supply chain needs, a non-asset based 3PL can evaluate how a company’s supply chain is working and how it can be improved. Non asset based 3PLs can work with companies to identify the best approach to meet the demands of their industry and customers. By designing a supply chain that fits a company’s specific needs, non-asset based 3PLs can apply their flexibility that allows them to respond to clients’ needs on a case-by-case basis.
http://cerasis.com/2013/08/22/non-asset-based-3pl/
Non-current assets. Non-current assets are assets which represent a longer-term and cannot be converted into cash quickly. They are likely to be held by a company for more than a year. Examples of non-current assets include land, property, investments in other companies, machinery and equipment.
http://en.tradimo.com/tradipedia/current-assets_98960/
Items that the debtor usually has to give up include: 1  Expensive musical instruments, unless the debtor is a professional musician. 2  Collections of stamps, coins, and other valuable items. 3  Family heirlooms. 4  Cash, bank accounts, stocks, bonds, and other investments. 5  A second car or truck. 6  A second or vacation home.
http://bankruptcy.findlaw.com/chapter-7/exempt-vs-non-exempt-property-under-chapter-7.html
Exempt vs. Non-exempt Property Under Chapter 7 Exempt vs. Non-exempt Property Under Chapter 7 People who file for bankruptcy seek protection from their creditors for the debts they have incurred. The U.S. Constitution gives this power to the federal government, and the federal government has established U.S. Bankruptcy Courts to handle bankruptcy proceedings across the country.
http://bankruptcy.findlaw.com/chapter-7/exempt-vs-non-exempt-property-under-chapter-7.html
How Exemption Works. Bankruptcy law allows debtors to keep a certain amount of property after going through bankruptcy proceedings. This is called exempt property - it is exempt from the bankruptcy estate. Property that cannot be exempted is, appropriately, called non-exempt property. Generally, a bankruptcy debtor can exempt a certain amount of his or her property during bankruptcy.
http://bankruptcy.findlaw.com/chapter-7/exempt-vs-non-exempt-property-under-chapter-7.html
Current assets are assets which can easily be converted into cash or used to pay-off current within one year. Examples of current assets include cash, inventory, accounts receivable (money that customers owe the company), prepaid liabilities or other liquid assets.
http://en.tradimo.com/tradipedia/current-assets_98960/
what is the non assets
Non-current assets are assets which represent a longer-term and cannot be converted into cash quickly.