What is the definition of No-asset case? | Dictionary.net

NO-ASSET CASE

\nˈə͡ʊˈasɛt kˈe͡ɪs], \nˈə‍ʊˈasɛt kˈe‍ɪs], \n_ˈəʊ_ˈa_s_ɛ_t k_ˈeɪ_s]\

Definitions of NO-ASSET CASE

1910 - Black's Law Dictionary (2nd edition)

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The filer has no assets available to creditors to satisfy outstanding debts in a Chapter 7 bankruptcy filing in this type of situation.

1910 - Black's Law Dictionary (2nd edition)
By Henry Campbell Black

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