Legal Vocabulary

#781

Bankruptcy exemption

Example sentences

1. The debtor asked the lawyer about bankruptcy exemption.
2. The court reviewed the facts related to bankruptcy exemption.
3. The creditors discussed how bankruptcy exemption affected the case.

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#782

Exempt property

Example sentences

1. The deed included information about exempt property.
2. The owner asked a lawyer about exempt property.
3. The court reviewed competing claims involving exempt property.

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#783

Nonexempt property

Example sentences

1. The agreement defined rights connected with nonexempt property.
2. The parties disagreed about nonexempt property.
3. The lawyer checked the documents related to nonexempt property.

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#784

Preference

Example sentences

1. The lawyer explained the meaning and purpose of preference.
2. The parties followed the legal rules related to preference.
3. The court kept a clear record of matters connected with preference.

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#785

Preferential transfer

Example sentences

1. The client asked the lawyer how preferential transfer works.
2. The legal team prepared for matters involving preferential transfer.
3. The court reviewed whether the rules for preferential transfer were followed.

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#786

Fraudulent transfer

Example sentences

1. The judge explained the purpose of fraudulent transfer.
2. The parties kept records related to fraudulent transfer.
3. The lawyer checked each legal requirement connected with fraudulent transfer.

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#787

Avoidance action

Example sentences

1. The lawyer explained the meaning and purpose of avoidance action.
2. The parties followed the legal rules related to avoidance action.
3. The court kept a clear record of matters connected with avoidance action.

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#788

Creditors' meeting

Example sentences

1. The client asked the lawyer how creditors' meeting works.
2. The legal team prepared for matters involving creditors' meeting.
3. The court reviewed whether the rules for creditors' meeting were followed.

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#789

Section 341 meeting

Example sentences

1. The judge explained the purpose of section 341 meeting.
2. The parties kept records related to section 341 meeting.
3. The lawyer checked each legal requirement connected with section 341 meeting.

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#790

Repayment plan

Example sentences

1. The lawyer reviewed the repayment plan carefully.
2. The repayment plan stated important facts, terms, or requests.
3. A clear record of the repayment plan was kept in the file.

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#791

Confirmation

Example sentences

1. The client asked the lawyer how confirmation works.
2. The legal team prepared for matters involving confirmation.
3. The court reviewed whether the rules for confirmation were followed.

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#792

Cramdown

Example sentences

1. The court approved a cramdown over the creditor’s objection.
2. A cramdown can confirm a repayment plan without full creditor support.
3. The debtor asked the lawyer how a cramdown works.

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#793

Adequate protection

Example sentences

1. The debtor asked the lawyer about adequate protection.
2. The court reviewed the facts related to adequate protection.
3. The creditors discussed how adequate protection affected the case.

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#794

Relief from stay

Example sentences

1. The client asked the lawyer how relief from stay works.
2. The legal team prepared for matters involving relief from stay.
3. The court reviewed whether the rules for relief from stay were followed.

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#795

Debtor in possession

Example sentences

1. The debtor in possession took part in the court process.
2. The order affected the legal position of the debtor in possession.
3. The debtor in possession kept accurate financial records.

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#796

Insolvency

Example sentences

1. The lawyer explained the meaning and purpose of insolvency.
2. The parties followed the legal rules related to insolvency.
3. The court kept a clear record of matters connected with insolvency.

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#797

Balance-sheet insolvency

Example sentences

1. The bankruptcy papers included details about balance-sheet insolvency.
2. The trustee examined issues involving balance-sheet insolvency.
3. The judge explained the legal effect of balance-sheet insolvency.

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#798

Cash-flow insolvency

Example sentences

1. The creditors requested information about cash-flow insolvency.
2. The lawyer checked the rules related to cash-flow insolvency.
3. The final order addressed cash-flow insolvency.

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#799

Receivership

Example sentences

1. The lawyer explained the meaning and purpose of receivership.
2. The parties followed the legal rules related to receivership.
3. The court kept a clear record of matters connected with receivership.

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#800

Receiver

Example sentences

1. The receiver reviewed the bankruptcy papers.
2. The lawyer explained the duties of the receiver.
3. The court listened to the concerns of the receiver.

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