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LSDefine

Simple English definitions for legal terms

colorable transfer

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A quick definition of colorable transfer:

A transfer is when someone gives away or sells something they own to someone else. This can happen in many ways, like giving a gift, paying money, or signing a contract. There are different types of transfers, like ones that happen while someone is alive (inter vivos) or after they pass away (testamentary). Sometimes, transfers can be fake or not real (colorable), or done to trick people (in fraud of creditors).

A more thorough explanation:

A colorable transfer is a transfer of property that appears to be authentic but is actually a sham or a pretended transfer. It is a transfer that is made to deceive others and has no real substance.

For example, if a person transfers their property to a family member for a nominal amount of money, but continues to use and control the property as if it were still theirs, it would be considered a colorable transfer. This is because the transfer is not genuine and is only meant to give the appearance of a legitimate transfer.

Another example of a colorable transfer is when a debtor transfers their property to a third party to avoid paying their creditors. This is considered a fraudulent transfer and is not a legitimate transfer of property.

In both examples, the transfer is not a true transfer of property because the transferor still retains control and ownership of the property. It is only a colorable transfer meant to deceive others.

colorable-imitation test | Colorado River abstention

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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.
[] 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
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