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Simple English definitions for legal terms

strong-arm clause

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A quick definition of strong-arm clause:

A strong-arm clause is a rule in bankruptcy law that lets a trustee cancel a security interest if it wasn't properly recorded when the bankruptcy case began. This means that if someone owes money and used something as collateral, like a car or a house, but didn't follow the correct legal steps to make sure the creditor had a right to that property, the trustee can take it away and use it to pay off the debts.

A more thorough explanation:

A strong-arm clause is a provision in the Bankruptcy Code that gives the bankruptcy trustee the power to cancel a security interest that is not properly recorded when the bankruptcy case is filed. This means that if a creditor has a security interest in a debtor's property, but that interest is not legally recorded, the trustee can cancel it and sell the property to pay off the debtor's debts.

Let's say that John borrows money from a bank to buy a car. The bank takes a security interest in the car, which means that if John doesn't pay back the loan, the bank can repossess the car. However, the bank forgets to properly record the security interest with the state. Later, John files for bankruptcy. The trustee can use the strong-arm clause to cancel the bank's security interest and sell the car to pay off John's debts.

Another example could be a landlord who fails to properly record a security interest in a tenant's property. If the tenant files for bankruptcy, the trustee can use the strong-arm clause to cancel the landlord's security interest and sell the property to pay off the tenant's debts.

stripper well | strongly corroborated

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shaquilleoatmeal
17:57
@JumpySubsequentDolphin: mm surprisingly no, I do like their steak though. Chicken pesto parm lol i was going off the chicken parm vibe from the night before
shaquilleoatmeal
17:58
@babycat: how many essays do you have to finish? Can catch up another night cause thats priority for you rn
babycat
17:58
@shaquilleoatmeal: I did my main one for today what’s the story?
"****** from my city couldn't entertain old boy, Promisin' bank transactions and even bitcoin, I never peaced it up that **** don't sit well with me, Before I take a truce, I'll take 'em to Hell with me" is a good one too
shaquilleoatmeal
18:00
hes so sneaky with it, like if you honestly don't listen for it, you miss it
100%
shaquilleoatmeal
18:00
you want the long or short story ?
WorthlessAttractiveZombie
18:01
So no GULC, eh?
babycat
18:06
long story. we can go to off topic
no gtown still ?
babycat
18:06
she must’ve had weird vibes if it’s a long story
Kittencattigermeow
18:08
does anyone know what issues UNH is facing?
guys i just spent $200 on groceries. joe biden why did you do this to me
will trump make eggs cheap again
BulbasaurNoLikeCardio
18:10
I spent $600 on a custom AR10 upper in September and just got called and told they now may not ship it until fucking January. Trump needs to make my ship shit faster.
18:10
They making food more expensive so less fats
18:10
trust
babycat
18:11
RFK future
18:12
You need to perform Kennedy Presidential Fitness Test to graduate law school
18:12
Over/under on t14 students
18:12
70%?
18:12
20?
18:13
Babycat are you drinking the chemical waters
BulbasaurNoLikeCardio
18:13
Told them this is ridiculous and they took $140 off so my patience has been bought. Now I need to find another distraction from this shitty teacher
18:13
Original price was 460 they just ripped ya off
18:13
jk that is nice
babycat
18:14
@EvolBunny: I love fluoride 😍😍😍
18:14
omg me too
BulbasaurNoLikeCardio
18:15
@EvolBunny: I am fine with them making their cut and all that but I bought it with an adjustable gas block, new LVPO and foregrip so I just have a bunch of parts and ammo with no way to shoot it
@BulbasaurNoLikeCardio: i mean getting paid for their incompetence is based
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