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LSDefine

Simple English definitions for legal terms

estate's property

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A quick definition of estate's property:

Estate's Property: When someone files for bankruptcy, all of their possessions and assets become the property of the bankruptcy court. This includes anything they own or have a legal or equitable interest in at the time of filing. This is known as the estate's property or property of the estate.

A more thorough explanation:

ESTATE'S PROPERTY

Estate's property refers to the tangible and intangible property interests of a debtor that come under the jurisdiction of the bankruptcy court. These interests include both legal and equitable interests that were owned or held by the debtor at the time of filing the bankruptcy petition.

  • A person who files for bankruptcy may have estate's property that includes their house, car, bank accounts, investments, and other assets.
  • If a business files for bankruptcy, the estate's property may include its inventory, equipment, patents, trademarks, and other intellectual property.

These examples illustrate that estate's property includes all the assets that belong to the debtor and are subject to the bankruptcy court's jurisdiction. The court may use these assets to pay off the debtor's creditors and settle their debts.

estates of the realm | ester in judgment

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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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