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Discuss its limitations of regression.
Bankruptcy Estate
All legal or equitable interests of the debtor in property at the time of the bankruptcy filing, as defined by bankruptcy law.
Prepetition Assets
Assets that a debtor possesses before filing for bankruptcy.
Exempt Assets
Properties or assets that are protected by law from being seized by creditors or in bankruptcy proceedings.
Nonexempt Assets
Assets that can be seized by creditors under bankruptcy proceedings, as opposed to those protected or exempt.
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