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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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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
Minus those random R decisions from UMN yesterday though right? I wonder what happened there. I don’t think I’ve seen a school start the season out with anything but As on here
almost all of my apps have been UR for 6 weeks at this point I feel exhausted waiting for them to finish
Irvine is being snobby and wont start any review until end of Nov.
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