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Simple English definitions for legal terms

debtor's petition

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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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oh no
HopefullyInLawSchool
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you mom
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Ouch
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your*
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I fear I realized too late
babycat
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another victim claimed
concorde
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pwned
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Might have to send in addendums for that
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No wave, so sad.
WorthlessAttractiveZombie
14:28
What are the odds that berk releases later today?
babycat
14:28
@Dkk: And here I thought you were a prophet. Smh.
14:33
@WorthlessAttractiveZombie: 4
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@EvolBunny: I will take the odds of 4, very promising
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I'm too drunk to taste this chicken
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14:38
Lol, I suck I guess. @babycat
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suck what? (:
Dkk
14:42
suck at predicting
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boooooo
1a2b3c4d26z
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hi guys
1a2b3c4d26z
14:45
how is everyone doing this fine friday
1a2b3c4d26z
14:46
Tonight im going to go for a run and lift some weights and then eat some dinner (probably a burrito) and then I'm going to watch a scary movie with my girlfriend (probably Longlegs). I'm so excited :)
1a2b3c4d26z
14:46
What is everyone else doing tonight
1a2b3c4d26z
14:47
Besides YM of course
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Yoooo I’m a lifter too
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I'm all good, I'm tipsy in Zanzibar finishing an app and laughing my ass off to this:
babycat
14:48
renard what are you drinking?
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