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LSDefine

Simple English definitions for legal terms

doubling

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A quick definition of doubling:

Term: Doubling

Definition: Doubling is when a married couple can protect twice as much property in bankruptcy than if they filed separately. This means that if they own something together, like a car, they can each protect the full value of it. This helps them keep more of their things in a Chapter 7 bankruptcy or pay less to creditors in a Chapter 13 bankruptcy.

A more thorough explanation:

Doubling is a term used in bankruptcy law that refers to the right of a married couple to claim twice the amount of an exemption when they file a joint case.

According to the law, each debtor in a joint case can claim exemptions separately. For example, if a couple jointly owns a car worth $10,000, each spouse can claim an exemption of $10,000, depending on the state's exemption laws.

Doubling is beneficial for married couples in both Chapter 7 and Chapter 13 bankruptcy cases. In Chapter 7, it allows the couple to keep more of their property, while in Chapter 13, it enables them to pay less to unsecured creditors.

For instance, if a couple files for Chapter 7 bankruptcy and has a joint bank account with $20,000, they can claim a total exemption of $20,000 or $10,000 each. This means that they can keep the entire amount in their account without having to pay it to their creditors.

In summary, doubling is a legal provision that allows married couples to claim twice the amount of an exemption in bankruptcy cases, which can help them keep more of their property or pay less to their creditors.

double-entry accounting | dower

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12:06
@ronniedoeslaw: only if employers are willing to hire more lawyers, which seems doubtful. Schools dont want unemployed grads
class sizes appear to be staying the same
12:36
veo3 is scary
ronniedoeslaw
12:53
the waiting game is just as hard as the lsat lol
13:01
I had a dream last night I got a 172
13:01
I was so upset
ronniedoeslaw
13:02
Upset you it was just a dream or upset at the score ? Hahah
ronniedoeslaw
13:02
You can make your dream a reality
NosyBeagle
13:19
never had an lsat/law dream before and i never want one
never had law dreams but i do have a lot of work dreams
13:37
I had an LSAT dream that I scored like a 112
13:40
i had a dream that i was playing outside on a hill and my mom loved me
13:45
@ronniedoeslaw: upset the score was lower than my PTs
ronniedoeslaw
13:49
@NemoPropheta: don’t get down on yourself, that’s a dream score for many. The fact you’re scoring high on your PTs is a good sign. Do something today to relax and take your mind off of it. Probably subliminally showing how stressed you are about it, which is okay bc same
most ppl score lower than their pts their first time fwiw
13:54
I definitely saw that. My first and second time fwiw^
NosyBeagle
13:56
@BruceSutter: dream you forgot to put their name on the test
14:00
it’s technically my third time, my first two times were like 3 years ago tho
I've had multiple dreams that the LSAT score I have currently was revoked/removed by LSAC lmfao
14:00
didn’t study at all and didn’t do well
14:00
I had a dream the other day that I was on a boat and a shark was like scratching at my leg with its teeth
14:00
he just wanted to help exfoliate you
14:00
I was going ow ow ow
14:01
He was tenderizing it I think
14:01
sounds like great personal statement material
14:01
Starting my personal statement I have a dream
14:02
Guys give me a book recommendation and I will give you my opinion on it or you
READ MOBY DICK
14:03
Good one. My ex gave me a copy of this book but he tore out a page and used it to roll a joint
14:05
based
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