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LSDefine

Simple English definitions for legal terms

property of the debtor

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A quick definition of property of the debtor:

Property of the debtor: This refers to things that belong to someone who owes money (called a debtor). It includes things they own or have, like a house or car, that can be used to pay back the money they owe. Sometimes, some things are protected and cannot be taken away to pay debts.

A more thorough explanation:

Definition: Property of the debtor refers to the assets that are owned or possessed by the debtor, including those that are exempted from the bankruptcy estate.

Examples: Examples of property of the debtor include:

  • A house or a car that the debtor owns
  • Money in the debtor's bank account
  • Investments or stocks that the debtor possesses
  • Personal belongings such as jewelry, furniture, and electronics

These examples illustrate that property of the debtor can refer to a wide range of assets that the debtor owns or possesses. In the context of bankruptcy, these assets may be used to pay off the debtor's debts or may be exempted from the bankruptcy estate, depending on the specific laws and regulations in place.

property insurance | property of the estate

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THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
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