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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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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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