LSDefine

Simple English definitions for legal terms

prebankruptcy

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A quick definition of prebankruptcy:

Term: PREBANKRUPTCY

Definition: Prebankruptcy refers to actions or events that take place before a person or company files for bankruptcy. This can include financial transactions, such as selling assets or paying off debts, that may impact the bankruptcy case. Essentially, prebankruptcy refers to anything that happens before the official start of the bankruptcy process.

A more thorough explanation:

PREBANKRUPTCY

Prebankruptcy is an adjective used to describe something that happens before a person or company files for bankruptcy. For example, prebankruptcy transactions refer to any financial transactions that occur before the bankruptcy filing.

A company may sell off assets in a prebankruptcy sale to raise money before filing for bankruptcy.
A person may try to negotiate with creditors in a prebankruptcy settlement to avoid filing for bankruptcy.

These examples illustrate how prebankruptcy actions can be taken to try to avoid or prepare for a bankruptcy filing. They also show how financial transactions and negotiations can occur before the actual filing of bankruptcy.

preaudience | prebend

General

General chat about the legal profession.

General >T14 Off Topic

👍 Chat vibe: 0 👎

Dkk

19:43

Indeed!

llama

19:48

wasp, i think people are hopeful for a gov who at least attempts to care about the common man

JapaneseMacaque

20:55

MIAMI A

[] AromaticTroubledDormouse

20:55

How does one know if they are UR1 or UR2?

[] AromaticTroubledDormouse

20:56

CONGRATS MACAQUE!

JapaneseMacaque

20:57

TY

jackfrost11770

20:59

got a random stanford email and almost had a heart attack

jackfrost11770

20:59

ALSO CONGRATS!

texaslawhopefully

21:03

Congrats1!

Ratratta

21:15

Miami A, yall I'm so excited I could cry.

Ratratta

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

JazzyGazelle

23:35

guys. my notre dame address just went long is this good or bad

1a2b3c4d26z

23:37

Oooooo me too

JazzyGazelle

23:37

omg is this good or bad

Dkk

23:47

Idk if gender roles are gunna fix that then.

JazzyGazelle

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??

180SupremeWarrior

23:53

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

JazzyGazelle

0:59

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.

jackfrost11770

5:37

good morning lsd it is 5 am EST

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