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LSDefine

Simple English definitions for legal terms

debtor's petition

Read a random definition: willful negligence

A quick definition of debtor's petition:

A debtor's petition is a formal written request that a person who owes money to others can make to a court. This request asks for protection from creditors, meaning that the person cannot be forced to pay back their debts right away. This type of petition is also called a voluntary petition. It is different from an involuntary petition, which is filed by a creditor who wants to declare the debtor bankrupt.

A more thorough explanation:

A debtor's petition is a formal written request presented to a bankruptcy court by a debtor seeking protection from creditors. It is also known as a voluntary petition.

For example, if someone is struggling to pay off their debts and wants to file for bankruptcy, they can submit a debtor's petition to the court. This petition will allow them to receive protection from their creditors and work towards resolving their financial situation.

It is important to note that a debtor's petition can only be filed under Chapter 7 or Chapter 11 of the Bankruptcy Code.

debtor's examination | debtor's property

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General chat about the legal profession.
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medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
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