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LSDefine

Simple English definitions for legal terms

double creditor

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A quick definition of double creditor:

A double creditor is someone who is owed money by another person or entity and has a claim on two different funds. This means that they have the right to be paid from two different sources. For example, if someone owes money to two different banks, both banks could be considered double creditors because they each have a claim on the debtor's assets. Double creditors are different from single creditors, who only have a claim on one fund.

A more thorough explanation:

A double creditor is a creditor who has a lien on two funds. This means that they have a claim on two different sources of money or property that a debtor owes. For example, if a person owes money to two different banks and both banks have a lien on the same property, they are both double creditors.

Double creditors are different from single creditors, who only have a lien on one fund. An example of a single creditor would be a bank that has a lien on a person's car as collateral for a loan.

Understanding the difference between single and double creditors is important in situations where a debtor is unable to pay their debts. In such cases, the creditors may have to compete with each other to recover their money or property. Double creditors have an advantage over single creditors because they have a claim on two funds, which increases their chances of recovering their debt.

double complaint | double criminality

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PleasantLoneBluejay
17:39
I will gladly borrow it ;)
17:39
Yeah fr
17:39
Tbh I’m leaning Cornell cuz of scholly tho…
17:42
U don’t think we’ll get Berk scholarships?
17:42
Why not negotiate
17:42
When are people getting Berk scholarship info? This month right?
@Deadpreciousmonkey could also be yield protection?
17:43
February yeah
17:44
@sadpadresfan: I like your list of updates
17:44
🔥
17:44
Yeah speaking of the update list, u need to add mich
17:44
UMich WL 🔥
17:44
Lol
17:45
Harvard R 🔥
17:45
🔥 🔥 🔥 LFGGGG
RoaldDahl
17:45
columbia R 🔥🔥🔥
wait did georgetown release decisions today??
and @homelesscuteimpala i am loving this idea and choosing to believe it
lmaooo I put it in the wrong chat
all good, getting the reassuring message twice made me feel better : )
HAHA
18:28
Anyone have any feedback on 7sage for lsat studying? want to compare options befroe spending any money
J-Reuben-Clark-Law
18:45
7Sage son or LSAT Demon daughter. You pick which is more fucked up.
i loved 7sage personally
but some of the core curriculum felt unnecessary to me
J-Reuben-Clark-Law
18:48
I personally loved LSAT Demon but I did not get a 180. I find a lot of people with higher scores 175+ advocate 7Sage while the 165-175 range is LSAT Demon. However I have seen several 175+ people come out of LSAT Demon. I like LSAT Demon because I used them and listen to their YouTube videos and they have a simple website but everyone should also consider 7Sage.
J-Reuben-Clark-Law
18:49
Fuck just got an A from a school I withdrew from. Lmfao. I feel bad for em.
LSAT Demon is more comprehensive I would say. And the interface is a lot easier for people who don't really have that much time. It's also more fun I think haha. Feels more like a game
Also anybody have any idea whether or not UMich will look at score updates? I think I might retake the LSAT to see if I can get a higher score to get off the waitlist :') In my head it's definitely that LSAT score
IrishDinosaur
19:01
@HomelessCuteImpala: it certainly can't hurt! If they don't look at it directly, you can always reference it in a LOCI
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