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Simple English definitions for legal terms

legal debt

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A quick definition of legal debt:

Legal debt refers to a specific amount of money that someone owes to another person or entity. It can also refer to all the money that someone owes in total. Debt can be for goods or services, and it can be based on a contract or implied agreement. If someone owes a legal debt, they can be taken to court to pay it. There are different types of debt, such as secured debt (backed by collateral) and unsecured debt (not backed by collateral).

A more thorough explanation:

Legal debt refers to a specific sum of money that is owed by agreement or otherwise. It can also refer to the aggregate of all existing claims against a person, entity, or state. Legal debt can be a monetary or non-monetary obligation that one person owes another, such as goods or services.

Examples of legal debt include:

A loan that needs to be repaid with interest
An unpaid bill for goods or services received
An obligation to provide a certain amount of goods or services to another party
A court-ordered judgment against a person or entity

These examples illustrate legal debt because they all involve a specific obligation to pay or provide something to another party. Legal debt can be enforced through legal action, such as a lawsuit or court-ordered garnishment of wages or assets.

legal death | legal defense

General

General chat about the legal profession.

General >T14 Off Topic

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[M] cheriebomb

15:41

just for u sweetie pie

llama

15:43

woah so much swagger with dat 'm;

Dkk

15:47

@shaquilleoatmeal: more like, blow my back out by the bay boston instead of back bay boston.

llama

15:48

https://www.urbandictionary.com/define.php?term=Chad%20Thundercock

Dkk

15:48

Indeed, the legendary man himself.

cheriebomb

15:49

I would go to blow my back out by the bay boston

llama

15:50

lift with ur back not your legs, its better to have a blown back than two bad legs

CynicalOops

15:53

Blow and back day out by boston bay

cheriebomb

15:59

so true

Dkk

16:03

Of course. Man sad Ricky Henderson died. That was my favorite athlete of all time.

windyMagician

16:10

is it dumb that I rlly want to go to Mich even tho I have a full ride to umn

llama

16:12

no-value as a consumer often means more than the price

Dkk

16:15

@windyMagician: Nah michigan is better than UMN

Dkk

16:15

My sister just officially graduated, yay!

llama

16:16

awesome @Dkks sister

llama

16:16

prolly named veronica or sarah

windyMagician

16:16

@Dkk: for public defense tho?

windyMagician

16:16

Sarah in the bathroom

texaslawhopefully

16:17

@windyMagician: not at all. Michigan is also very generous with aid, so if you get enough it makes perfect sense to take it.

windyMagician

16:17

fuck okay

windyMagician

16:17

going to my dream school is crazy

KnowledgeableRitzyWasp

16:18

michigan also has better options if you do PD for 10 years then want to do something else

windyMagician

16:19

also would love to clerk for my federal district court even tho I know its hella competitive, I think mich sets me up better?

llama

16:20

would be a great point to bring up when ur deciding / visiting each place- see what recent placement looks like

texaslawhopefully

16:23

For fed clerkships by far Michigan places better. I think it’s like 14-15 percent

windyMagician

16:25

sticker debt is high-key scary tho

texaslawhopefully

16:26

I’m sure you’ll get good merit aid though. Look at Michigan’s 509 report. They’re very generous.

cheriebomb

16:34

i am going to wait patiently into january to get into a law school

cheriebomb

16:34

then i will start tweaking

texaslawhopefully

16:42

January could not come any sooner

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