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Simple English definitions for legal terms

distractio bonorum

Read a random definition: law spiritual

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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seems cool
13:14
Yeah, 7sage has a page that talks about the questions for each schools interview, GULC's seems unique
13:15
Idk how much of an effect it has on admissions chances but should be cool either way
ive heard the conversion rate for gulc group interview is pretty high even moreso if you have the stats
it's hard to say but i've also heard that the group interview is harder to get than the alumni interview. but who really knows tbh
im p sure they don't interview everyone and getting one this early should be a great sign!
13:16
Yeah I've heard the same ab the group interview
13:17
So maybe I'll see you in D.C. a year from now lmao
initiallaw
13:32
Speaking of stat twins kazuyamishima were exact stat twins lol
17:13
Anyone going to the UGA zoom thing on the 22nd?
17:16
My bad, 24th*
Idk, what's it for?
@Law-Guy: How'd you get the Vandy fee waiver?
17:32
What does going ur3 in 3 days mean at Uva 😅
that you will get UR2 in 3 more
17:33
somethings gotta give
I’m new. What’s the UR and UR2?
17:35
I already went ur2. It’s the 3rd status date change
17:35
@RustyWrangler: attend one of their virtual info sessions and they'll send you a fee waiver
@Law-Guy: Awesome, thanks! I'll sign up rn!
i'm not entirely sure
They've recently been sending a lot of interview invites
It means status change?
17:47
Someone said there is a wl/r wave coming but how can that even be predicted 😭
17:48
Where?
Quillinit
17:50
This is obviously not true for UVA. Past years show they don't send any non A results until December
boglue
18:05
this is gonna sound so dumb but what do yall mean when you say date change
18:07
So the date under “application under review” changes with each reader.
boglue
18:08
does anything automatically update on the lsd checker or is that all manual
18:34
wow those dean z videos just ruined my night
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