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LSDefine

Simple English definitions for legal terms

trustee process

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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

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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
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
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
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??
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
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.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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