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LSDefine

Simple English definitions for legal terms

absconding debtor

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A quick definition of absconding debtor:

An absconding debtor is someone who owes money to another person or entity but has fled or disappeared to avoid paying their debt. This person may be trying to avoid being served legal papers or may be intentionally trying to defraud their creditors. In the past, absconding from a debt was considered an act of bankruptcy. Other types of debtors include those who are jointly liable for a debt, those who have property that has been arrested by multiple creditors, and those who have enough assets to cover their debts and can be sued by a creditor.

A more thorough explanation:

An absconding debtor is someone who owes money to another person or entity but has fled to avoid paying their debt. This type of debtor is also known as a fugitive debtor. Absconding debtors are often difficult to locate and serve with legal papers because they have intentionally disappeared.

For example, if someone borrows money from a bank and then leaves the country without repaying the loan, they would be considered an absconding debtor. Another example would be if a person runs up a large credit card debt and then moves to a different state without notifying the credit card company.

Absconding debtors can cause significant financial losses for creditors, who may have to spend time and money trying to locate them and recover the debt. In some cases, absconding debtors may be pursued by debt collection agencies or even law enforcement.

ABS | absence

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General

General chat about the legal profession.
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ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
WorthlessAttractiveZombie
7:44
My berkeley paragraph finally disappeared. I definitely think it is just an indicator that they are actively reviewing files, and does not mean anything about A, WL, or Rs
WorthlessAttractiveZombie
7:46
Also has anyone's date disappeared for W&L? Mine did last night
7:55
@WorthlessAttractiveZombie: mine did yesterday morning
7:56
Oops sorry I meant Vilanova. Mine disappeared last week
soapy
8:48
UMN under review! As predicted, decisions are gonna come out early December
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