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Simple English definitions for legal terms

core proceeding

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A quick definition of core proceeding:

A core proceeding is a legal case that involves claims that have a big impact on the relationship between someone who owes money (a debtor) and the people they owe money to (creditors). This could include things like trying to get back money that was given to someone else before the debtor filed for bankruptcy. In these cases, the bankruptcy court (a special court that deals with bankruptcy cases) makes the final decision instead of a regular court. There are also other types of cases that the bankruptcy court can hear if they are related to the bankruptcy, like cases that involve federal laws.

A more thorough explanation:

A core proceeding is a legal case that involves claims that significantly impact the relationship between a debtor and creditor. These claims may include actions to recover preferential transfers, which are transfers made by the debtor to a creditor before filing for bankruptcy. In a core proceeding, the bankruptcy court is responsible for conducting the trial or hearing and issuing a final judgment.

Additionally, a core proceeding may involve subject matter that falls within the scope of federal bankruptcy law and the management of the debtor's estate. This means that a federal bankruptcy court may hear cases that have an independent basis for subject-matter jurisdiction, such as a federal question.

Examples of core proceedings include:

  • An action to recover a preferential transfer made by the debtor to a creditor before filing for bankruptcy.
  • A dispute over the validity or priority of a lien on the debtor's property.
  • An objection to the discharge of a debt owed by the debtor.

These examples illustrate how a core proceeding involves claims that significantly impact the debtor-creditor relationship and fall within the scope of federal bankruptcy law. In each case, the bankruptcy court would be responsible for conducting the trial or hearing and issuing a final judgment.

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babycat
12:59
I heard if you apply YM at Brooklyn specifically it’s the equivalent of like a 5 LSAT point boost
HopefullyInLawSchool
13:00
^^^^This
13:00
does anyone have any information on lsu? I have only heard of 1 person getting a decision and its driving me insane
HopefullyInLawSchool
13:01
Just info on their YM applications but nothing else
HopefullyInLawSchool
13:02
@BeFree03:
13:04
yeah thats all i am seeing as well. i have literally looked everywhere trying to find at least a time of day for decisions but theres nothing
CuriousPanda2362
13:04
I feel like it’s the calm before the storm
CuriousPanda2362
13:05
Big movement are bound to happen soon but it’s so eerily quiet
HopefullyInLawSchool
13:05
^^^^Me taking a dookie
CuriousPanda2362
13:05
Lmao
babycat
13:06
Ehh I think schools will prob release information on their YM applicants first before they even get to RD
babycat
13:06
I wouldn’t expect RD applicants to hear anything until after Thanksgiving bc they prioritize YM so heavily
HopefullyInLawSchool
13:06
I heard theyll do that at LSU but not 100% sure
2big2fail
13:09
berkeley status checker is so funny
13:11
berk today will be Huge if it happens
2big2fail
13:12
i think berkeley next wave will be in december
13:13
that is probable i just have a funny where i say “berk today” every single day
2big2fail
13:13
makes sense
@JumpySubsequentDolphin: TODAY IS OUR DAY also 1pm est or pst?
JumpySubsequentDolphin
13:14
YEAHHH SPLITTY. also PST
yo mama jokes will never not be funny
everyone trying to YM each other but no JM... damn :/
AHAHAHAAH
i'm lying in wait dw
if no gtown today i'm crashing out so bad yall don't even know
i will not be racist or say slurs tho unlike Some people
how bad on a scale of wild- evol bunny
HAHAHAH
BulbasaurNoLikeCardio
13:20
Evol bunny said they are dropping out and done with LS, they are too good for it so likely will never see the melt downs again
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