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Literally "from fact"; often used to mean something that is true in practice, but has not been officially instituted or endorsed. "For all intents and purposes". Cf. de jure. de futuro: concerning the future At a future date. de integro: concerning the whole Often used to mean "start it all over", in the context of "repeat de integro". de jure
[17] [18] Because this payment is not made by the debtor, an agency payment does not extend the statute of limitations beyond the last date when the debtor personally made a payment on the debt, [17] [19] and will likely be disregarded by a court when a debtor claims that the debt is expired under an applicable statute of limitations.
"Parties bound": The Anti-Injunction Act's text applies to all parties to a federal court proceeding, but the Supreme Court has recognized a number of exceptions. In Leiter Minerals, Inc. v. United States, the Court held that the federal government may enjoin state proceedings if necessary to prevent irreparable injury to the national interest ...
In United States bankruptcy law, an automatic stay is an automatic injunction that halts actions by creditors, with certain exceptions, to collect debts from a debtor who has declared bankruptcy. Under section 362 of the United States Bankruptcy Code , [ 1 ] the stay begins at the moment the bankruptcy petition is filed.
In the proceeding simply known as foreclosure (or, perhaps, distinguished as "judicial foreclosure"), the lender must sue the defaulting borrower in state court. Upon final judgment (usually summary judgment ) in the lender's favor, the property is subject to auction by the county sheriff or some other officer of the court.
The increase in the number of insolvencies, however, does not indicate the total financial impact of insolvencies in each country because there is no indication of the size of each case. An increase in the number of bankruptcy cases does not necessarily entail an increase in bad debt write-off rates for the economy as a whole.
A distraint in progress, depicted in an 1846 painting by Peter Schwingen. Distraint or distress is "the seizure of someone’s property in order to obtain payment of rent or other money owed", [1] especially in common law countries. [2]
These alternative wordings have no fixed meaning in law but are interpreted within the context of the contract that they are used. For that reason, the meaning of the different terms varies from case to case. Possible interpretations of their meaning include "repudiatory breach", and "serious breach, but not as serious as a repudiatory breach".