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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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Fruityfruitbat
17:08
woof
texaslawhopefully
17:08
I've seen some that could be as high as 7k though
llama
17:08
@jackfrost11770: ya prolly don't buy any lotto tickets tonite
Fruityfruitbat
17:09
get on that trump coin before the rug pull lol
Dkk
17:09
@BigStrongBug: I don't consider myself a one issue voter but if I had to pick one it would be gender relations.
KnowledgeableRitzyWasp
17:09
i am a one issue voter for the economy, which is why i voted harris
texaslawhopefully
17:10
Here's a fairly well respected estimate fruitybat: The proposed tariffs could cost consumers an additional $2,500 to $7,600 a year per household, according to estimates, said Jonathan Gold, vice president of supply chain and customs policy for the National Retail Federation.
HopefullyInLawSchool
17:10
i am a voter so i voted
BigStrongBug
17:11
Lol what does gender relations mean
BigStrongBug
17:11
Like are you anti gay marriage?
texaslawhopefully
17:11
@Dkk: So you care about gender relations over the Constitution, institutional stability, the economy, political norms, etc.?
Fruityfruitbat
17:11
blue collar trump voters are gonna blame anything but him anyway when the price of their household consumption goes through the roof. I wonder how they'll spin that narrative.
BigStrongBug
17:11
Or are you an all inclusive hater and include trans folks too
texaslawhopefully
17:12
Even if you have conservative social values you still shouldn't like Trump lol, but that's a whole diff convo
SplitterusClitterus
17:12
I love when people prefer putting not talking about gender in schools at the top of the agenda instead of dealing with school shootings
KnowledgeableRitzyWasp
17:12
this is going to blow your mind but once you realize women and men are more similar than different you will drown in pussy or dick
llama
17:12
@HopefullyInLawSchool: $45k @ KS is really good. $145k is to attend it is not a bad deal
Fruityfruitbat
17:13
facts knowledgeable
SplitterusClitterus
17:13
Also love how he put an EO to leave the Paris climate agreement in the midst of the LA wildfires and places who haven’t gotten snow in 15 years now getting storms
HopefullyInLawSchool
17:13
@llama: it would only be 17,000 ish per year
llama
17:15
yeah and i think after 1L u get in state? not certain
HopefullyInLawSchool
17:15
I dont think so based on my very brief research
llama
17:16
hmm I know some school offer that in their offer (I also believe KS does not negotiate) but I wonder which schools would reconsider with a condition of in state after 1L yr?
Dkk
17:17
@texaslawhopefully: Not necessarily but I believe what Aristotle used to say. He used to say you could not have a functioning political system if you can not get gender relations right. Or essentially that.
HopefullyInLawSchool
17:17
KS does negotiate! I got an email saying theyre doing it for the first time this year
HopefullyInLawSchool
17:18
its rather limited but its not nothing
llama
17:18
@HopefullyInLawSchool: noted, thanks for the intel. I know we joke around but all things conidered, KS is goated
Dkk
17:18
@BigStrongBug: Nah aristotle only applies gender as a role which I think either sex could fulfill. My issue with Trump's EO to limit things to only sex but I am fine with him doing it for now.
SplitterusClitterus
17:18
Yeah and Aristotle old as hell boy he would’ve died of hysteria after learning what the internet and tiktok is
Dkk
17:19
@SplitterusClitterus: I think some school shootings could have been prevented if gender relations were better.
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