Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

trustee process

Read a random definition: mystic testament

A quick definition of trustee process:

Trustee process is a legal process where a third party takes a debtor's property instead of the creditor. This is also known as factorizing process or garnishment. In some places, the third party is called a factor.

A more thorough explanation:

Trustee process, also known as factorizing process, is a legal procedure where a third party seizes a debtor's property instead of the creditor. This process is similar to garnishment.

For example, if a person owes money to a creditor, the creditor can use trustee process to seize the debtor's property, such as their bank account or wages, to pay off the debt. The third party, known as the trustee, will hold the property until the debt is paid off.

Another example is if a company owes money to a supplier, the supplier can use trustee process to seize the company's assets to pay off the debt.

Trustee process is a way for creditors to collect debts without having to go through the court system. However, it is important to note that there are legal requirements and limitations to this process.

trustee, U.S. | trusteeship

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
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.
LSD+ is ad-free, with DMs, discounts, case briefs & more.