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LSDefine

Simple English definitions for legal terms

desperate debt

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A quick definition of desperate debt:

Desperate debt is when someone owes money that they cannot pay back. Debt is when someone owes money to another person or company. It can be a specific amount of money or all the money someone owes. Sometimes people owe things other than money, like goods or services. There are different types of debt, like secured debt (when someone owes money backed by something valuable) and unsecured debt (when someone owes money without any security). Desperate debt is when someone owes money they cannot pay back because they are broke or almost broke.

A more thorough explanation:

Desperate debt is a type of debt that is either uncollectible or taken on by someone who is insolvent or on the verge of insolvency.

For example, if a person has borrowed a large amount of money and is unable to pay it back, the debt may become desperate. Similarly, if a business is struggling financially and takes on more debt to stay afloat, that debt may also be considered desperate.

Desperate debt is a risky type of debt because it is unlikely to be repaid. Lenders may be hesitant to lend money to someone with a history of desperate debt because of the high risk of default.

de son tort demesne | despitus

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I got one answer so far from Mizzou and I was WL'ed but hey it's not the end it's just the beginning
that was Friday
WorthlessAttractiveZombie
14:26
keep swinging until you hear a bell
14:27
im from the future
14:27
kamala wins
14:27
276-262
I think she will too lol
WorthlessAttractiveZombie
14:27
since you're from the future, will fordham release today
14:28
no
WorthlessAttractiveZombie
14:28
fuck alright
14:28
not this week
14:28
dont even get ur hopes up u fool im from the year 2076
TheMidwestMonger
14:28
I'm terrified with how the world will react to Trump losing
WorthlessAttractiveZombie
14:28
damn, next question: should i eat the cheese that's been in my fridge for 3 weeks?
14:28
im pretty sure the world is gonna rejoice??
14:29
yes it is the key to immortality
TheMidwestMonger
14:29
Sorry, I meant the far right and their reaction lol
I live in alabama if she wins it's gonna be crazy here
14:30
same as last time whine that it was rigged go to court lose every time
good thing im bouncing next year
oh yeah
JumpySubsequentDolphin
14:31
why won’t ASU send my scholly info ☹️
WorthlessAttractiveZombie
14:31
they sent mine about 3 hours after i got the initial acceptance video thing
I just wanna hear back from them
14:31
the adcomm office got there at 10 am took a two hour lunch at 12 and left at 3:30 -- trust me im from the year 2076
lol
WorthlessAttractiveZombie
14:32
lavender, they should usually get back within a month of going complete
okie doke, thank u!
JumpySubsequentDolphin
14:35
@WorthlessAttractiveZombie: good to know! I thought I missed SMTH bc someone told me they got their admissions packet before the video lol
BulbasaurNoLikeCardio
14:35
I got school that have me under review for over a month... just hope it puts me in their first wave of As
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