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Simple English definitions for legal terms

Deprizio doctrine

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A quick definition of Deprizio doctrine:

The Deprizio doctrine is a rule in bankruptcy that says if a debtor pays an outside creditor more than 90 days before filing for bankruptcy and it benefits an inside creditor, that payment can be cancelled. This is called a preferential transfer.

A more thorough explanation:

The Deprizio Doctrine is a rule in bankruptcy law that states if a debtor makes a payment to an outside creditor more than 90 days before filing for bankruptcy, and that payment benefits an inside creditor, it can be considered a preferential transfer and can be voided.

For example, let's say a construction company owes money to both an outside supplier and an inside creditor, such as a family member who invested in the company. If the company pays off the outside supplier within 90 days of filing for bankruptcy, but not the inside creditor, the payment to the outside supplier can be voided as a preferential transfer because it benefits the inside creditor.

The Deprizio Doctrine is meant to prevent debtors from favoring certain creditors over others before filing for bankruptcy. It ensures that all creditors are treated fairly and equally in the bankruptcy process.

deprived child | de procedendo ad judicium

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22:59
FO PM
23:00
THAS WHAT I LIKE TO HEAAAAR LAMA
23:00
Ropes wen we get dat bama a wanna throw a party
[] c0bra1
23:01
biking is fun but theres also crazy ppl on the citibikes im scared of them
23:01
yesss let's havva a partty
23:01
are those the shared bikes u can rent (from da country middle of BFE)
[] c0bra1
23:01
glad theres bike lanes tho at home u just get run over by cars
[] c0bra1
23:02
yes the rentable ones
[] c0bra1
23:03
i walk/train mostly though i am actually a fan of the mta
23:03
There is this dood on utube who does uber eats in DC and I fear for his life every day
23:04
@c0bra1: oh nice. Yeh
[] c0bra1
23:05
i love that guy! bikingdc!
[] c0bra1
23:05
but yeah he does objectively dangerous stuff sometimes lol esp in the snow
23:10
yeah he plays with fire then wonders why he gets burned
23:10
he has such a good heart, like half his customers deserve no food
23:11
they mad disrespectful and rude
NarrowFaithfulCougar
23:39
@llama: Ehh most people are not aware of how they come off or how selfish they really are. I think if you are heating up a metaphorical crack pipe of convenience filled with gluttony and sloth, the majority of the people you attract are going to be like that. I hope RFK bans doordash/grubhub/uber eats etc. I have good stories from when I did that shit and I have the worst. The biking DC guy honestly gets average people. The average person just sucks.
NarrowFaithfulCougar
23:40
No faith in humanity man. I got absolutely none :(
NarrowFaithfulCougar
23:40
My brother got into a knife fight with some asian guy in Irvine, CA during COVID cus he wasn't wearing a mask in his car.
NarrowFaithfulCougar
23:42
"It's a real knife fight out there" - https://www.youtube.com/watch?v=48TySs8x2Dk
23:59
bro wants to ban doordash
NarrowFaithfulCougar
0:08
Shii I would ban people from eating fast food if I could but you would literally have to have the national guard outside of kfc to do that.
NarrowFaithfulCougar
0:10
Never gunna have universal healthcare in this country if this shit exists.
Damn bruh sound like a you problem to me
Bro never heard of a diet he mad cus mcdonalds be putting dem pouuuunds on him
NarrowFaithfulCougar
0:16
I have never ate there lol. What puts the pounds on me is the fucking izakaya yakitori.
0:24
@MrThickRopes: yeah bro after they launched the app I be buying err thang
MrThickRopes
0:58
same bruh
Mostlylegal
8:51
why wouldnt you just shut down the kfc?
MrThickRopes
9:08
Is we getting decisions dis morning?
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