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LSDefine

Simple English definitions for legal terms

cessio fori

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A quick definition of cessio fori:

Term: CESSIO FORI

Definition: Cessio fori is a Latin term that refers to the act of giving up business or becoming bankrupt.

Simply put, it means that someone who owns a business or has financial obligations cannot meet their obligations and must declare bankruptcy. This is a legal process that involves giving up control of their assets to a trustee who will manage the distribution of those assets to creditors.

Cessio fori is an important concept in business and finance, as it allows individuals and companies to start fresh and rebuild their financial lives after experiencing financial difficulties.

A more thorough explanation:

CESSIO FORI

Cessio fori is a Latin term that means giving up of business or becoming bankrupt.

Example 1: John had to file for cessio fori as he was unable to pay his debts.

Example 2: The company's cessio fori was a result of poor financial management.

Cessio fori is a legal term used to describe the act of giving up business or becoming bankrupt. The examples illustrate how individuals or companies may file for cessio fori when they are unable to pay their debts or manage their finances. This process allows them to legally give up their business and assets to pay off their debts and start anew.

cessio bonorum | cessio in jure

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join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
BulbasaurNoLikeCardio
7:51
@texaslawhopefully: best prices and only fast food that doesn't make me sick
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