A more thorough explanation:

Definition: Tools of trade refer to the equipment or tools that a person needs to carry out their occupation. These tools are exempt from claims of creditors in bankruptcy law and are generally protected from attachment by judgment creditors. This is because it is important for a person to have the necessary tools to earn an income to support themselves and their family, as well as pay off their debts.

Example: A carpenter's tools, such as a saw, hammer, and drill, would be considered tools of trade. If the carpenter were to file for bankruptcy, these tools would be exempt from claims of creditors and protected from attachment by judgment creditors. This allows the carpenter to continue working and earning an income to support themselves and pay off their debts.

Another example: A hairstylist's tools, such as scissors, combs, and hairdryers, would also be considered tools of trade. If the hairstylist were to file for bankruptcy, these tools would be exempt from claims of creditors and protected from attachment by judgment creditors. This allows the hairstylist to continue working and earning an income to support themselves and pay off their debts.

Overall, tools of trade are essential for individuals to carry out their occupation and earn an income. Bankruptcy law recognizes the importance of these tools and provides protection for them to ensure that individuals can continue to work and support themselves and their families.