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Exempt assets are assets that are exempt from sale to satisfy debts.
Such as jewelry and other collections up to the allowable amount of value for the exemption.
In the 1870s California's codes were written to include these exemptions. One of them was for the workman's tools of his trade.
He was to be allowed to keep the tools of his trade. And his clothes?
It makes sense, doesn't it? Unless you want to give him a welfare check.
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