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LSDefine

Simple English definitions for legal terms

simulated transaction

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A quick definition of simulated transaction:

A simulated transaction is when someone pretends to sell something, but no money or ownership actually changes hands. This is usually done to try and hide the property from creditors. It's like playing pretend, but with real things.

A more thorough explanation:

A simulated transaction is a type of sale in which no price or other consideration is paid or intended to be paid, and in which there is no intent to actually transfer ownership. This type of sale is usually done in an attempt to put property beyond the reach of creditors.

For example, if a person owes a large amount of money to creditors, they may try to sell their property to a friend or family member for a very low price, but with the understanding that they will continue to use and control the property as if they still owned it. This is a simulated transaction because there is no real transfer of ownership, and the seller is trying to hide their assets from their creditors.

Simulated transactions are illegal and can be challenged in court by creditors or other interested parties.

simulated sale | simulatio latens

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im like bruh how do i control what dk says
12:00
^^
12:01
yooo horny man dkk
i think him dropping out of west point was his villain arc
12:03
i think it was when him and shaq got into it
this is my butterfly theory on dk
there's a lot of shame associated if you don't make it all the way through
12:06
I thought dkk was the doxxer
12:07
I'm so loosely aware of this years lsd drama
no, it was another guy who doesnt talk in here at all
12:09
thats wild
12:09
omg do u think he's watching rn
12:09
or she
his name is jason and i think he got scared bc someone else here has done a lot of work to reverse dox him
12:12
interestinf
12:12
bruce sutter is ur name bruce sutter
12:12
ommg my first dox
12:12
idk google it
12:13
frick
12:14
a lot of super splitter names and puns have been used over the years
12:15
He was one of the sport's dominant relievers in the late 1970s and early 1980s, making effective use of the split-finger fastball.
12:15
most dominant reliever w the split finger fast ball lets go bruce sutter!!
12:16
He also played for Cubs, where I'm from, the Cardinals, Wash U dream school, and retired to Georgia, where I live
12:16
awe ok wholesome
12:16
And died the day before I took my first LSAT, although I didn't know that when I picked the name
12:18
actually two days before
12:20
scratch that again, one day
rip Bruce Sutter
NosyBeagle
12:32
lol doxxers giving me my address like i forgot it
he also provided an instagram for me that... was not my instagram
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