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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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what do you do with your days as an unemployed crypto guy? do you play an instrument or something
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please lawd
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forgive me
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its time to go back to tha old me
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this is what i feel like when i get one single drill question right
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when u get one wrong ;(
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Anyone got any polymarket locks
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Is anyone in here cool like fr cool
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Like watch college football cool
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Or like
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Frat
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20:39
Sorry guys I'm bored trying to get my Berkeley essay to 4 pages
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no way they want four pages that’s crazy
20:41
bitches wanna be different sooo bad 😴
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20:42
Technically they want 3 to be completely fair to the powers that be, so I'm really trying to push out to 3
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20:42
But it's 1/2 inch margins
20:44
assuming it was 2 already, you’ve totally got 3 double spaced pages in you
20:45
should I watch the quirky umich dean videos? i feel like all of you have seen them except me but I can’t work up any enthusiasm for the idea
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I like Dean Z not sure why she gets slandered sometimes
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20:54
I would say yeah, they're helpful. But they can verge on unproductive and stress-inducing if you watch enough of them (especially the application read-through ones)
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okay I’ll check them out
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hey so where do i see my LSAC GPA bc i know they calculate it differently
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sorry new to dis
You can calculate it here
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@baddestbunny: I study LSAT, watch political theater, complete small tasks, do crypto, sit in a hot tub for an hour, jerk off, talk to my roommate, drink wine, talk to family, watch movies, and play about 1-2 hours of videogames a day. Usually I play videogames while watching the political theater.
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