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LSDefine

Simple English definitions for legal terms

fraud on creditors

Read a random definition: temerarium perjurium super assisam

A quick definition of fraud on creditors:

Fraud on creditors is when someone tries to hide or give away their property to avoid paying back money they owe to someone else. This is also called a fraudulent conveyance. It's like cheating because they are trying to keep their things safe from the people they owe money to. This is not allowed and is against the law.

A more thorough explanation:

Definition: Fraud on creditors refers to a fraudulent conveyance, which is a transfer of property for little or no consideration, made with the intention of hindering or delaying a creditor by putting the property beyond their reach. It is a transaction where the owner of real or personal property tries to place the property out of the reach of creditors.

Example: John owes a large sum of money to his creditors. To avoid paying them, he transfers his house to his brother for a nominal amount, which is much less than the actual value of the property. This transfer is a fraudulent conveyance or fraud on creditors because John is trying to put his property beyond the reach of his creditors.

Explanation: In this example, John is trying to avoid paying his creditors by transferring his property to his brother for a nominal amount. This transfer is fraudulent because John is trying to hide his assets from his creditors. By doing so, he is hindering or delaying his creditors from collecting the money he owes them. This is an example of fraud on creditors.

fraud in the execution | fraud on the community

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I did 2x and they said "The vast majority of candidates who have submitted their complete application by our deadline will be notified by the last day of April"
like kinda fucked
16:50
ugh that's so annoying
law schools that ghost should give you your money back
or reject
like man GIVE IT BACK!!!!
ClassyPleasantHeron
16:56
Schools explicitly asking applicants to retake the LSAT are TTTs pretending to be 2nd tier.
LMAOOO
like man oklahoma more like oklahowaboutyoueatmyshoe
me when that person on reddit said UofU wave and it's.... 3 people
help who just posted that right after I started bitching in chat
my heart fell straight into my ass mind u
and i just got a fucking app status tracker update... not for UofU... my BP is so spiked rn
QuarrelsomeTurkey
18:29
does anyone know if bu ever releases after 5 pm
Lol @jupitersmoons It feels like UofU is screwing with us haha
fr like I know it"s Mountain Time but bestie we have less than half an hour before typical EOD
what we doing
Real
19:17
new COAs are out
19:37
Anyone know how long it takes to get aid package after getting admitted to UChicago or Northwestern?
I’d ask in the t14 chat bc lol it may be a bit until you can get someone who can answer that question here
21:19
@syddak: Oof tough spot. Congrats on the As. Did either indicate either via email/mail that they would be following up with aid, and if so, did they provide a time frame? It may be acceptable to email them and indicate seat deposits are fast approaching and you are curious if you can expect further info (aid) from the school to aid u in ur decision..
0:26
@UnderRepresentedTryhard: that’s a greater than sign. Meaning outside t14
0:27
Schools>t14
IrishDinosaur
13:38
I'm convinced USC doesn't really exist
IrishDinosaur
13:38
it's an elaborate hoax
i showed a guy at asd my lsd profile. little does he know that im an influencer
babycakes
16:36
u such a crazy flexer
the fellas were impressed by the r less cycle
you guys have really impressive lsats, nice job
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