avoidance

avoidance
avoidance
The Bankruptcy Code permits the debtor to eliminate (avoid) some kinds of liens that interfere with (or impair) an exemption claimed in the bankruptcy. Most judgment liens that have attached to the debtor's home can be avoided if the total of the liens (mortgages, judgment liens and statutory liens) is greater than the value of the property in which the exemption is claimed. This is sometimes called "lien stripping."

United Glossary of Bankruptcy Terms 2012.


Glossary of Bankruptcy.

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  • avoidance — I (cancellation) noun abrogation, annulling, annulment, cancelling, cessation, discontinuation, dismissal, invalidation, making useless, nullifying, quashing, removal, rendering void, rescission, setting aside, vacating, vacation, voidance… …   Law dictionary

  • Avoidance — may refer to* Avoidance (novel) *avoidance behavior *conflict avoidance *procrastination *Australian Aboriginal avoidance practices …   Wikipedia

  • Avoidance — A*void ance, n. 1. The act of annulling; annulment. [1913 Webster] 2. The act of becoming vacant, or the state of being vacant; specifically used for the state of a benefice becoming void by the death, deprivation, or resignation of the incumbent …   The Collaborative International Dictionary of English

  • avoidance — (n.) late 14c., action of emptying, from AVOID (Cf. avoid) + ANCE (Cf. ance). Sense of action of dodging or shunning is recorded from early 15c.; it also meant action of making legally invalid, 1620s; becoming vacant (of an office, etc.), mid 15c …   Etymology dictionary

  • avoidance — [n] eluding; preventing absention, circumvention, delay, departure, dodge, dodging, elusion, escape, escapism, eschewal, evasion, flight, forbearance, nonparticipation, parry, passive resistance, prevention, recession, recoil, restraint, retreat …   New thesaurus

  • avoidance — [ə void′ ns] n. 1. the act of avoiding, or shunning something 2. the act of making void; annulment …   English World dictionary

  • avoidance — avoid a‧void [əˈvɔɪd] verb [transitive] TAX LAW if you avoid tax, you manage to not pay it legally, for example by the way that you enter profits or losses into your accounts: • Investing in this way allows savers to avoid tax upon withdrawal.… …   Financial and business terms

  • Avoidance — (Roget s Thesaurus) >Absence of pursuit. < N PARAG:Avoidance >N GRP: N 1 Sgm: N 1 abstention abstention abstinence Sgm: N 1 for bearance for bearance Sgm: N 1 refraining refraining &c. >V. Sgm: N 1 inaction inaction &c. 681 …   English dictionary for students

  • avoidance — avoid·ance ə vȯid ən(t)s n, often attrib the act or practice of keeping away from or withdrawing from something undesirable <reinforced by escape or avoidance of electric shock (E. S. Katkin & E. N. Murray)> <avoidance learning> esp… …   Medical dictionary

  • avoidance — a|void|ance [əˈvɔıdəns] n [U] the act of avoiding someone or something avoidance of ▪ the avoidance of issues such as domestic violence ▪ a tax avoidance scheme (=legal way of not paying tax) …   Dictionary of contemporary English

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