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LSDefine

Simple English definitions for legal terms

creditors' meeting

Read a random definition: occupant statute

A quick definition of creditors' meeting:

A creditors' meeting is a gathering of people who have lent money to someone or a company that is in financial trouble. This meeting is usually held when the borrower files for bankruptcy. The meeting is presided over by a U.S. Trustee and is attended by the creditors and equity security holders. At the meeting, a bankruptcy trustee may be elected, and the borrower may be examined under oath. It is an important meeting to determine how the borrower's debts will be paid back.

A more thorough explanation:

A creditors' meeting is a gathering of a debtor's creditors and equity security holders, presided over by the U.S. Trustee, to discuss matters related to bankruptcy. This meeting is the first one held and is where a bankruptcy trustee may be elected and the debtor may be examined under oath.

For example, if a person files for bankruptcy, they will have to attend a creditors' meeting where their creditors will be present to discuss the situation and determine the next steps.

creditors' composition | creditor's suit

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THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
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@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
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