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LSDefine

Simple English definitions for legal terms

list of creditors

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A quick definition of list of creditors:

A list of creditors is a document that includes the names and addresses of people or companies that are owed money. This list is important in a bankruptcy case because it helps the court determine who needs to be paid and how much they are owed. Think of it like a shopping list, but instead of groceries, it's a list of people who need to be paid back.

A more thorough explanation:

A list of creditors is a document that contains the names and addresses of people or companies that are owed money by an individual or business. This list is usually required in a bankruptcy proceeding.

John is filing for bankruptcy and needs to provide a list of his creditors. His list includes:

  • ABC Bank - $10,000
  • XYZ Credit Card Company - $5,000
  • Joe's Auto Repair - $2,500

In this example, John owes money to three different creditors and their names and the amounts owed are listed in his list of creditors.

Another example could be a business that is struggling to pay its bills and needs to create a list of all the companies it owes money to. This list would include the names and addresses of each creditor, along with the amount owed.

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medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
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