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Simple English definitions for legal terms

distractio bonorum

Read a random definition: F.R.D.

A quick definition of distractio bonorum:

Distraction Bonorum: In Roman law, when someone owes money to many people and cannot pay, a curator bonorum (a person appointed to manage the debtor's property) sells the debtor's property to pay off the debts. This sale is called distractio bonorum.

A more thorough explanation:

DISTRACTIO BONORUM

Distractio bonorum is a Latin term that means "the sale of goods." In Roman law, it refers to the sale of property by a curator bonorum to pay off the debts of an insolvent estate.

For example, if someone dies and leaves behind a lot of debt, a curator bonorum may be appointed to manage their estate. The curator will sell off the person's property, such as their house, car, and other assets, to pay off their creditors. This process is known as distractio bonorum.

Another example is if a business goes bankrupt and cannot pay its debts. A court-appointed trustee may sell off the company's assets to pay off its creditors. This is also a form of distractio bonorum.

Distractio bonorum is a legal process that allows a curator or trustee to sell off property to pay off debts. This is done to ensure that creditors are paid what they are owed, even if the debtor cannot pay. The examples illustrate how distractio bonorum is used in practice, both in the case of an individual's estate and a business's assets.

distractio | distraction doctrine

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HopefullyInLawSchool
16:03
@UnderRepresentedTryhard: Yes only for YM applicants tho
RoaldDahl
16:05
dodged the mich r wave what does this mean
HopefullyInLawSchool
16:06
it means you will not be rejected today and may be accepted or WL in the future
Just got my Michigan rejection
BookwormBroker
16:10
same
RoaldDahl
16:10
@HopefullyInLawSchool: what if i already got rejected. does it mean anything
HopefullyInLawSchool
16:12
@RoaldDahl: Likely not however it could mean nothing
RoaldDahl
16:15
So if it means nothing does that mean something?
HopefullyInLawSchool
16:17
Possibly
RoaldDahl
16:26
Cool
RoaldDahl
16:26
thank you!!!! i hope it means something
pinkandblue
16:31
fart
IrishDinosaur
16:36
Mich R gang lesgooo
Did anyone else get that random get to know nova email?
HopefullyInLawSchool
17:21
Ya it was sent to all YM applicants
starfishies
17:37
Anyone get the NDLS email inviting you to apply for something even though they haven’t made a decision on your app yet
17:38
Better yet I got the email and I was rejected last month
starfishies
17:38
Wtf
starfishies
17:39
and the deadline is in like a week what is this
any cardozo movement?
BatmanBeyond
18:01
Sent a LOCI via portal, but I'm wondering if email would have gotten me a swifter response
BatmanBeyond
18:02
This whole hold/wait-list/reserve system is a headache
loci already?
BatmanBeyond
18:09
If the odds are like 1-2% I don't think it matters much by the numbers
12:11
I got the same NDLS email
OrangeThing
12:18
I think the user profiles are broken
19:29
Any word out of Notre Dame?
19:29
Only the invitation to apply for LSE
19:29
Anyone received a decision from NDLS?
19:50
when did u guys apply that just heard from umich? they havent even glanced at my app yet
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