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Simple English definitions for legal terms

single-asset real estate

Read a random definition: doctrine of curative admissibility

A quick definition of single-asset real estate:

Single-Asset Real Estate: This is a term used in bankruptcy law to describe a single piece of property that a person or business uses for their income and owes less than $4 million in secured debts on. It cannot be a residential property with less than four units.

A more thorough explanation:

SINGLE-ASSET REAL ESTATE

Single-asset real estate refers to a single piece of property, excluding residential property with less than four residential units, that a debtor uses for business purposes and generates most of their income from. The property must have secured debts of $4 million or less that are fixed and not dependent on any conditions.

An example of single-asset real estate could be a small shopping center that a business owner operates and generates most of their income from. Another example could be a warehouse that a company uses for storage and distribution.

These examples illustrate the definition of single-asset real estate because they are both single pieces of property that are used for business purposes and generate most of the debtor's income. Additionally, the secured debts on the properties are fixed and not dependent on any conditions.

single adultery | single combat

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General

General chat about the legal profession.
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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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