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Simple English definitions for legal terms

contemplation of insolvency

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A quick definition of contemplation of insolvency:

Term: Contemplation of Insolvency

Definition: When a person or a company is thinking about the possibility of not being able to pay their debts, it is called contemplation of insolvency. This is also known as contemplation of bankruptcy.

A more thorough explanation:

Contemplation of Insolvency

Contemplation of insolvency refers to the state of considering or anticipating the possibility of being unable to pay debts as they become due. It is a legal term that is often used interchangeably with contemplation of bankruptcy.

For example, a business owner who is struggling to pay their bills and is considering filing for bankruptcy may be said to be in contemplation of insolvency. Similarly, an individual who is unable to keep up with their mortgage payments and is considering debt consolidation or bankruptcy may also be said to be in contemplation of insolvency.

Another example could be a company that is experiencing financial difficulties and is considering restructuring or liquidation as a way to address its debts. In this case, the company may be said to be in contemplation of insolvency.

Contemplation of insolvency is a legal term that describes the state of considering or anticipating the possibility of being unable to pay debts as they become due. It is often used interchangeably with contemplation of bankruptcy, which refers specifically to the process of filing for bankruptcy. The examples provided illustrate how individuals and businesses may find themselves in contemplation of insolvency when they are struggling to pay their debts and are considering various options to address their financial difficulties.

contemn | contemporanea expositio

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babycat
14:48
renard what are you drinking?
BulbasaurNoLikeCardio
14:50
Feeling like sad drinking tonight, wife accidentally tossed out my truck keys and those are expensive as fuck to replace. The crappiest part is that the key chain had the "remove before flight" tab from my first aircraft's rocket pods overseas from 6 years ago. Then find out people fucked around and back dated reports at work making me look like a shit bag so I am working later tonight and missing range time which is my weekly relax/me time. Add in my sleep meds stopped working, so I am thinking vodka (so I stay skinny and hot) and pizza by the fireplace kind of friday.
1a2b3c4d26z
14:51
Renard if you're not drinking margs Im gonna throw hands
14:51
Was at a restaurant and they decided to have me try something called "Double Kick" free of charge, it's like a sugar cane liquor with pineapple flavor
1a2b3c4d26z
14:51
missing range time :(
1a2b3c4d26z
14:52
That sounds good renard but unfortunately I'll still have to throw hands
Tonight I’m Having a date with this guy who asked me out couple times
BulbasaurNoLikeCardio
14:54
What made you give in and go out after he asked a couple times?
Other failed dates
babycat
14:55
That’ll do it
Question, how many of u would sleep on first date
babycat
14:57
honestly my answer is it depends
babycat
14:57
there has to be a very specific vibe to make me want to do that. not like a regular date
babycat
14:59
and sometimes you want to and you still don’t do ir
babycat
14:59
it
babycat
15:00
but I don’t use dating apps so all my first dates are with people I’ve already met in some context, which it sounds like is your situation too
Dkk
15:00
I could never imagine myself doing that on a first date.
Dkk
15:01
@BulbasaurNoLikeCardio: hope things get better
babycat
15:01
@Dkk: what if it’s someone you’ve known for a long time but never dated?
Dkk
15:03
Maybe but things would have to go like perfectly. I could not imagine them going perfectly.
15:04
Sleeping on the first date just isn't my style, idk. I take things painfully slowly and much prefer to befriend and really get to know a girl first before doing any of that
Ok another question, what do u tell the ppl u sleeping with already that ur going on dates
Dkk
15:05
The bigger issue is if I sleep with them will I have the emotional connection to finish cus it is harder for me to finish if I do not know the person.
bigroger100
15:05
Anyways when the fuck are either of the colorados schools releasing their shit. Smh
BulbasaurNoLikeCardio
15:05
@Rightfullytherlauren: If the person is clean or has a good vibe I will do it the first date
15:06
Yeah sorry I can't answer that Lauren, I don't sleep with anyone if I'm not already dating them
Dkk
15:06
@Rightfullytherlauren: This is like a stupid thing that only really hot guys and women have to think about. I have never had to think about this before. No answer.
Dkk
15:07
@bigroger100: No idea. Probably when they released last year unless they were supposed to release already.
BulbasaurNoLikeCardio
15:08
@Rightfullytherlauren: I am apparently a hot guy or just a slut cause I have had this before. If it is a FWB then you gotta follow the rules on that like wrapping your tool and such but if it is a casual fuck/bootie call they do not need to know if you are trying to find love and what you are doing when you are busy
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