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LSDefine

Simple English definitions for legal terms

charging order

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A quick definition of charging order:

A charging order is a legal process that allows a creditor of a partner in a partnership to collect money owed to them from the partner's share in the partnership. This means that if a partner owes money to someone, that person can take some of the partner's profits from the partnership until the debt is paid off.

A more thorough explanation:

A charging order is a legal process that allows a creditor of an individual partner in a partnership to collect their debt by seizing the partner's share of the partnership. This means that the creditor can receive any profits or distributions that the partner would have received from the partnership until the debt is paid off.

For example, let's say that John and Jane are partners in a small business. John owes a debt to a creditor, and the creditor obtains a charging order against John's share of the partnership. This means that any profits or distributions that John would have received from the business will now go to the creditor until the debt is paid off.

Another example could be a real estate partnership where one partner owes a debt to a bank. The bank can obtain a charging order against the partner's share of the partnership, which would allow them to collect any rental income or profits from the sale of the property until the debt is satisfied.

In summary, a charging order is a legal tool that allows a creditor to collect a debt from a partner's share of a partnership. It can be used in various types of partnerships, including businesses and real estate ventures.

charging instrument | charitable

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JumpySubsequentDolphin
11:16
I told my family I won’t get any decisions until 2025 so they wouldn’t bombard me hahah
no i think there should be a Law School combine with all new drills except there is still the 40 yard dash
and a sub 4.5 gets you into any t14
LSAT can be one of the drills
letsseehowitgoesnow
11:17
so washu only called one person
So all the D1 athletes will get into a T-14. What else is new?
@TheAdoptedOne: that is called "Dean Poker Night" lol
@ClockworkBlue: I feel like most people could train for the 40 for the same amount of time as they do the LSAT and get close to sub 5 which would be equivalent to a 167+
this is like the schizophrenic posts JJK tik tok be putting out
powerscaling Law School deans up next
11:19
Election Day election day
Write in Dean Z vote
11:20
Saw a guy that wrote in Biden and he said no retirement for you buddy
1a2b3c4d26z
11:20
@ClockworkBlue: god I hope that's true
if the country was run the same as Mich Law it would be a better place
Imagine if election night was run by an adcom? Like, "yep, we could get the results Friday, or June 2025."
imagine if it was like Berkley applications
1a2b3c4d26z
11:22
Election status: Complete
1a2b3c4d26z
11:22
For months
triplethread
11:23
erection day
soapy
11:23
Shoutout to Robinhood's election bet not resolving until January
triplethread
11:23
is anyone else like certain that trump will win
ambitiouslizard
11:23
he aint winning
triplethread
11:23
i like being a pessimist
ambitiouslizard
11:24
he lost his re-election, why would he win this one?
1a2b3c4d26z
11:25
I have no idea why people have so much beef w berkeley's app
I've been reading a bit about "herding," which is this idea that pollsters are making the race look tied so they look right no matter who wins.
1a2b3c4d26z
11:26
Like... it's a more involved app but you don't have to do it? They're clearly trying to have some self-selection go on
I 100% agree with the self selection, I also am not even close to touching the medians there. However I think the huge PS plus the video and especially the very specific criteria for the why Berkeley essay is pretty crazy
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