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Simple English definitions for legal terms

Undercapitalization

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A quick definition of Undercapitalization:

Undercapitalization: When a company doesn't have enough money to do its normal business and pay its bills, it's called undercapitalization. This can happen if the company can't make enough money or get loans. If a company is undercapitalized, it might be easier for a court to make the company pay its debts or to hold the people who own the company responsible for what it owes. But just being undercapitalized isn't enough for a court to do these things.

A more thorough explanation:

Definition: Undercapitalization is when a company does not have enough money to run its business properly. This can lead to the company not being able to pay its bills or debts. It can happen because the company is not making enough money or cannot get loans or investments.

For example, if a small restaurant does not have enough money to buy food and pay its employees, it may have to close down. This is because it is undercapitalized and cannot afford to keep running.

Another example is a startup company that does not have enough money to develop its product or market it to customers. This can make it difficult for the company to grow and succeed.

Undercapitalization can be a problem for businesses because it can limit their ability to operate and grow. It can also make it harder for them to compete with other companies that have more money to invest in their business.

under the influence | undersecured debt

General

General chat about the legal profession.

General >T14 Off Topic

👍 Chat vibe: 0 👎

soapy

9:44

Feelin a bit stressed, as I've got no date change for Michigan either despite applying 10/7

WorthlessAttractiveZombie

9:45

I have not had a date change either for Mich but I've seen people get in without one so who knows

TheAdoptedOne

9:46

I applied 9/25 to like 6 schools and some (Houston) have no date change yet so dw

soapy

9:46

But do people get in without addresses going long?

WorthlessAttractiveZombie

9:46

it's tough to tell because a lot of people type out their addresses long to begin with

soapy

9:46

Ah. I didn't. Looking back, my Mich supplement kind of sucks, so there's that

TheAdoptedOne

9:54

Mich overrated (Dean Z please let me in even tho i didnt apply and I am below both 25ths)

ClassyPleasantHeron

10:01

The "date changes" at Michigan really don't mean anything. We had to do them in undergrad admissions whenever a Georgia applicant picked the country instead of the state, because we'd have to remove the TOEFL requirement and reassign the application from the international application readers.

soapy

10:06

Classy, does that mean they may look at your application, and that look doesn't necessarily trigger any date change?

1a2b3c4d26z

10:06

Man

1a2b3c4d26z

10:07

Walkin to the bus

1a2b3c4d26z

10:07

What a good day to get into law school

ClassyPleasantHeron

10:11

@soapy: I don't know for sure about the law school. For undergrad, once the application is complete, it's assigned to a reader the following Monday. If we had to make any changes, it's because a reader saw something that needed to be changed and the application needed to be re-read after that change.

soapy

10:12

Ahh, got it. Thank you for the insight!

ClassyPleasantHeron

10:14

You're welcome. FWIW, I have no idea what's up with the address changes. We didn't have to do any of that, except for the Georgia state vs country kinds of things.

soapy

10:15

I've heard it theorized that some schools will change the address from "St." --> "Street" as they prepare to send out admissions packets. That's the rumor, anyways.

jackfrost11770

10:22

i think it just indicates a change in status like under review or stages of review

jackfrost11770

10:23

my stanford address went long as soon as it was marked complete lmao

soapy

10:25

I saw some Reddit adcom say that they can see any time we refresh the status checker; I wonder if it's a red flag if an applicant's checked it like 50 times in a day?

soapy

10:25

Also, can we send another LoR to a school that we've already applied to?

soapy

10:26

Or another essay?

FartButt790

10:30

i'll allow it

soapy

10:31

<3 thanks Fart Butt

1a2b3c4d26z

10:31

If I get rejected by a school bc I check my statuses during work then it wasn’t meant to be

llama

10:32

cautionary tail re reddit posts: https://www.youtube.com/watch?v=5jZAQAuqSfs

BytchiestBunny

10:33

How else will they know we fuck

BytchiestBunny

10:33

Need to know aboot 6 pack abs

BytchiestBunny

10:33

How many 666 people apply?

BytchiestBunny

10:33

lolololol

BytchiestBunny

10:33

https://www.reddit.com/r/NoStupidQuestions/comments/xd5444/what_percentage_of_men_pass_the_666_rule/

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