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LSDefine

Simple English definitions for legal terms

notice to creditors

Read a random definition: de praerogativa regis

A quick definition of notice to creditors:

A notice to creditors is a formal announcement given to people or companies who are owed money by someone who has filed for bankruptcy. This notice informs them that a meeting will be held to discuss the situation, and that they must submit proof of their claim in order to receive any payment. It may also indicate that the court has granted permission for the bankruptcy process to begin.

A more thorough explanation:

A notice to creditors is a formal notification that informs creditors of a particular event or action that affects their rights or interests. In bankruptcy cases, a notice to creditors is usually issued to inform them of a creditors' meeting, the need to file proofs of claim, or the granting of an order for relief.

Example 1: In a bankruptcy case, a notice to creditors may be issued to inform them of a creditors' meeting where they can discuss the debtor's financial situation and vote on a proposed plan of reorganization.

Example 2: A notice to creditors may also be issued to inform them that they need to file proofs of claim by a certain deadline if they want to be considered for a share of the debtor's assets.

Example 3: In some cases, a notice to creditors may be issued to inform them that an order for relief has been granted, which means that the debtor's assets will be liquidated to pay off their debts.

These examples illustrate how a notice to creditors is used in bankruptcy cases to keep creditors informed of important events and actions that affect their rights and interests.

notice to appear | notice to pay rent or quit

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Irvine is being snobby and wont start any review until end of Nov.
Yeah, it’s tough. I’m distracting myself by playing good video games after work :)
im distracting myself by schizo-scrolling r/lawschoolamissions and every conceivable data point on this godforsaken website
it is not working
Haaa I naturally want to do that too. I’m trying to stop. They need a surgeon general’s warning on this site for perspective law students
i spend more time on here then anything else trying to rationalize that the waves from last year will match waves for this year (they won't) and that the stats of people with the same stats are indicative of my own (they aren't)
There aren't many people in my stat range so I pretty much know every result in my range after being on here for a few years
9:28
congrats on the 172 bruce
go dawgs fr
9:29
roll tide
do we foresee a fordham election day wave today (i'm delusional)
WorthlessAttractiveZombie
9:31
I think so, Jack
9:31
some people hate him. some people love him, but he a real one: https://youtu.be/w5oEqiVQcF4?t=173
9:32
[kevin oleary]
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
WorthlessAttractiveZombie
9:34
I mean if Fordham doesn't release today I will purposefully get on a train, go to new york, and then take the stinkiest shit inside the admission office's toilet (potentially clogging it and forcing them to get a plumber)
IS IT ONLY ON MY END WHY DID THAT SEND TEN MILLION TIMES
HELLO
WorthlessAttractiveZombie
9:35
it sent a million times lol
WHAT HAPPENED
yeah i thought you were tweaking for a second
i'm so sorry everyone what the actual fuck this website hates me
WorthlessAttractiveZombie
9:35
Jack's just tweaking on LSD no biggie
to be fair this accurately represents my mental state
election day psychosis coming in hot (fordham)
usc pls pull through .....
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