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LSDefine

Simple English definitions for legal terms

bankruptcy proceeding

Read a random definition: assisa forestae

A quick definition of bankruptcy proceeding:

A bankruptcy proceeding is a legal process that happens when someone cannot pay their debts. It involves going to court and having a judge decide how to handle the debts. This can include selling assets to pay off creditors or creating a payment plan.

A more thorough explanation:

Definition: A bankruptcy proceeding is a legal process that occurs when an individual or business is unable to pay their debts. It involves a court case where a judge decides how to handle the debts and assets of the bankrupt entity.

Examples:

  • John filed for bankruptcy and is now going through a bankruptcy proceeding in court.
  • The bankruptcy proceeding for the company lasted several months and involved selling off assets to pay creditors.

These examples illustrate how a bankruptcy proceeding is a legal process that occurs when someone is unable to pay their debts. In both cases, the individuals are going through a court case where a judge is deciding how to handle their debts and assets. The bankruptcy proceeding can involve selling off assets to pay creditors, as seen in the second example.

bankruptcy plan | bankruptcy-remote entity

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Dkk
19:42
SEO is big money
2016 pushed the conservative party into populism irreversibly
Dkk
19:43
Maybe, but if this is populism, then every election is populist.
19:43
@Dkk: yeah register 1 website and every swinging tom dick and harry calls/emails/texts to 'help with seo'. like bruh, if YOU found it, what i am doing is working
Dkk
19:43
Indeed!
19:48
wasp, i think people are hopeful for a gov who at least attempts to care about the common man
MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
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.
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