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LSDefine

Simple English definitions for legal terms

debtor's examination

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A quick definition of debtor's examination:

A debtor's examination is a meeting between someone who owes money (called a debtor) and the people they owe money to (called creditors). The creditors ask the debtor questions to find out where their money and things they own are, and if they can use those things to pay back the money they owe. This meeting can happen when someone files for bankruptcy or at any other time when a creditor wants to ask questions. The meeting is sometimes run by a person called a bankruptcy trustee, but other times it is run by the creditor who asked for the meeting.

A more thorough explanation:

A debtor's examination is a meeting between a person who owes money (the debtor) and their creditors. The creditors ask the debtor questions to find out where their assets are and how much they owe. This meeting can happen during a bankruptcy case or outside of it.

  • After filing for bankruptcy, John had to attend a debtor's examination where his creditors asked him about his income and property.
  • When Mary didn't pay her credit card bill, the bank requested a debtor's examination to find out if she had any assets they could seize.

In the first example, John is going through a bankruptcy case and has to attend a debtor's examination as part of the process. The creditors want to know if he has any assets they can use to pay off his debts.

In the second example, Mary is not in bankruptcy but the bank wants to find out if she has any assets they can take to pay off her debt. They request a debtor's examination to get this information.

Debtor's Act of 1869 | debtor's petition

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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
AHHAHAHAHAHAHHAHAHAHAHAHAH
@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
soyalmondoatmilk
8:38
good morning! hoping waves will come our wave today
8:42
GW wave today?
8:57
There’s someone I found on here with the username threeoutchange and if my understanding is correct that’s a reference to the debut album by a pretty cool 90s-00s Japanese band called Supercar. I geeked a little
8:57
It could just be a baseball reference I don’t get though lol
Dkk
9:00
@renard99: also, the same band that does a song in the anime Eureka 7 which I watched when I was like idk, 12
9:00
Yeah! They are pretty good. Three Out Change is an awesome J-rock record
Dkk
9:01
I will probably not listen to them more but fun fact. Really random to start the day. An omen that the waves will be very random today.
Dkk
9:03
Fuck, reading the wikipedia now. Literal last song they did before they broke up was Storywriter. Wow.
9:05
That one is a masterpiece
9:05
My favorite song by them is Recreation
glovediedthisishismom
9:05
snowing
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