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Simple English definitions for legal terms

vergens ad inopiam

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A quick definition of vergens ad inopiam:

Vergens ad inopiam: A Latin term that means "verging on poverty." In civil law, it refers to a situation where a debtor is at risk of becoming insolvent. When a creditor knows that their debtor is vergens ad inopiam, they can take certain legal measures to protect their interests. For example, they can obtain a precept of arrestment on a bill before it becomes due, which allows them to arrest any funds due to the debtor. However, this is only allowed as a protective measure, and the creditor cannot use the arrested funds until the bill falls due. The proof of the debtor's vergens ad inopiam status will vary depending on the circumstances of each case.

A more thorough explanation:

Vergens ad inopiam

Vergens ad inopiam means "verging on poverty" in Latin. In civil law, it refers to a situation where someone is close to becoming insolvent, or unable to pay their debts. When a debtor is clearly vergens ad inopiam, a creditor may legally take certain measures to protect their interests that would not otherwise be allowed. For example, if a debtor owes money under a bill, the creditor may obtain a precept of arrestment on the bill before it becomes due, which allows them to arrest any funds due to the debtor. However, the creditor cannot use the arrested funds until the bill falls due. The fact that someone is vergens ad inopiam can be inferred from different circumstances in different cases, and the proof of that fact will also vary.

Example 1: John owes money to his creditor, but he has lost his job and is struggling to make ends meet. His creditor knows that John is vergens ad inopiam and decides to obtain a precept of arrestment on the bill before it becomes due, to protect their interests.

Example 2: Sarah is a small business owner who is vergens ad inopiam due to the COVID-19 pandemic. Her landlord knows about her situation and decides to work out a payment plan with her, instead of evicting her for non-payment of rent.

These examples illustrate how being vergens ad inopiam can affect someone's ability to pay their debts, and how creditors may take legal measures to protect their interests in such situations.

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11:11
Why is it taking so long for WashU to get back to me. Ppl are getting acceptances in a month or less
letsseehowitgoesnow
11:11
...
triplethread
11:11
@BookLover125: RETWEET
triplethread
11:12
is it bad i lied about getting into case western bc my parents are bugging me about my first a
@BookLover125: they are so impressed with your application they are renaming the library after you before admitting you
Do you know not everyone says they were ED?
11:12
No they shouldn’t be bugging you this is stressful enough without them adding More. Do what u gotta do
11:13
Got jokes I see
triplethread
11:13
its sooo stressful and im not even done applying
Just apply and get the A lol
triplethread
11:13
got like 3 more apps
there should be a law school draft akin to the NFL Draft where law schools can recruit us
or a MaxPreps esque high light video where Deans can rank us
1a2b3c4d26z
11:15
In this analogy is the LSAT the NFL combine
JumpySubsequentDolphin
11:16
I told my family I won’t get any decisions until 2025 so they wouldn’t bombard me hahah
no i think there should be a Law School combine with all new drills except there is still the 40 yard dash
and a sub 4.5 gets you into any t14
LSAT can be one of the drills
letsseehowitgoesnow
11:17
so washu only called one person
So all the D1 athletes will get into a T-14. What else is new?
@TheAdoptedOne: that is called "Dean Poker Night" lol
@ClockworkBlue: I feel like most people could train for the 40 for the same amount of time as they do the LSAT and get close to sub 5 which would be equivalent to a 167+
this is like the schizophrenic posts JJK tik tok be putting out
powerscaling Law School deans up next
11:19
Election Day election day
Write in Dean Z vote
11:20
Saw a guy that wrote in Biden and he said no retirement for you buddy
1a2b3c4d26z
11:20
@ClockworkBlue: god I hope that's true
if the country was run the same as Mich Law it would be a better place
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