Chapter 13 - Law Dictionary Search Results
Home Dictionary Name: chapter 13 Page: 2trust
trust 1 a : a fiduciary relationship in which one party holds legal title to another's property for the benefit of a party who holds equitable title to the property b : an entity resulting from the establishment of such a relationship see also beneficiary, cestui que trust, corpus declaration of trust at declaration, principal, settlor NOTE: Trusts developed out of the old English use. The traditional requirements of a trust are a named beneficiary and trustee (who may be the settlor), an identified res, or property, to be transferred to the trustee and constitute the principal of the trust, and delivery of the res to the trustee with the intent to create a trust. Not all relationships labeled as trusts have all of these characteristics, however. Trusts are often created for their advantageous tax treatment. accumulation trust : a trust in which principal and income are allowed to accumulate rather than being paid out NOTE: Accumulation trusts are disfavored and often restricted...
debt adjustment
debt adjustment : the arrangements made for the repayment or satisfaction of debts in an amount or manner that differs from the original arrangements esp. in accordance with a bankruptcy plan under chapter 13 of the Bankruptcy Code ...
Chapter
Chapter [fr. Apitulum, Lat.], a congregation of ecclesiastical persons in a cathedral church, consisting of canons or prebendaries whereof the dean is the head, all subordinate to the bishop, to whom they act as assistants in matters relating to the church, for the better ordering and disposing the things thereof, and the confirmation of such leases of the temporality and offices relating to the bishopric, as the bishop shall make from time to time. And they are termed capitulum, as a kind of head, instituted not only to assist the bishop in manner aforesaid, but also anciently to rule and govern the diocese in the time of vacation, Burn's Dict.The Chapter of the bankruptcy code allowing a trustee to collect and liquidate a debtor's property either voluntarily or by court order, to satisfy creditors, Black's Law Dictionary, 7th Edn.Chapter shall mean a Chapter of the Act or Regulation in which the word occurs. [General Clauses Act, 1897 (10 of 1897)]...
chapter 11
chapter 11 : chapter 11 of the U.S. Bankruptcy Code see also Bankruptcy Code in the Important Laws section ...
chapter 12
chapter 12 : chapter 12 of the U.S. Bankruptcy Code see also Bankruptcy Code in the Important Laws section ...
chapter 7
chapter 7 : chapter 7 of the U.S. Bankruptcy Code see also Bankruptcy Code in the Important Laws section ...
chapter 9
chapter 9 : chapter 9 of the U.S. Bankruptcy Code see also Bankruptcy Code in the Important Laws section ...
Chapter
A division of a book or treatise as Genesis has fifty chapters...
chapter 7 bankruptcy
chapter 7 bankruptcy a bankruptcy that requires assets be liquidated in exchange for the cancellation of debt. Source: U.S. Department of Housing and Urban Development ...
chapter 11 (business reorganization)
chapter 11 (business reorganization) A petition designed to reorganize business debt. The business normally is permitted to continue its operations under court supervision until some plan of reorganization is approved by the creditors. Source: FindLaw ...
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