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LSDefine

Simple English definitions for legal terms

ex fraude creditorum

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A quick definition of ex fraude creditorum:

Term: EX FRAUDE CREDITORUM

Definition: Ex fraude creditorum means that something was done with the intention of cheating or deceiving creditors. This term is often used in legal cases where a preference (a payment or transfer of assets) was made within 60 days of a bankruptcy filing. If it is found that the preference was made to defraud creditors, it can be set aside.

A more thorough explanation:

EX FRAUDE CREDITORUM

Ex fraude creditorum is a Latin term used in law to describe a situation where a debtor has acted fraudulently towards their creditors. This means that the debtor has done something to try and avoid paying their debts, which is not allowed under the law.

For example, if a person owes money to several different creditors and they transfer all of their assets to a family member or friend in an attempt to avoid paying their debts, this would be considered ex fraude creditorum. The transfer of assets would be seen as fraudulent because it was done to avoid paying the creditors.

In legal terms, if a preference is made within 60 days of a bankruptcy filing, it can be set aside if it is found to be ex fraude creditorum. This means that any actions taken by the debtor to avoid paying their debts can be reversed by the court.

ex figura verborum | exfrediare

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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
WorthlessAttractiveZombie
7:44
My berkeley paragraph finally disappeared. I definitely think it is just an indicator that they are actively reviewing files, and does not mean anything about A, WL, or Rs
WorthlessAttractiveZombie
7:46
Also has anyone's date disappeared for W&L? Mine did last night
7:55
@WorthlessAttractiveZombie: mine did yesterday morning
7:56
Oops sorry I meant Vilanova. Mine disappeared last week
soapy
8:48
UMN under review! As predicted, decisions are gonna come out early December
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