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An "asset" is defined in § 1(2) as property of the debtor, i.e., the debtor must own the property, and not simply hold the property in some other capacity, such as a bailee.
He also discusses how punishment, conceived as the infliction of pain upon someone in proportion to their offense, is likely to have been grounded in the contractual economic relationship between creditor and debtor, i.e., in business relationships.
This is because receivers have awesome powers: While receivers are technically an agent of the court, they have the powers of an agent for the debtor, i.e., if the debtor has the power to do something, then so does the receiver.
"I couldn't put it more strongly than to say that our commitment to the eurozone is absolute," Mr Varoufakis told RTE. "As a debtor I think that I have a duty not to take on more loan tranches unless there is a chance that these debts will be repaid.
I spend money on Martinis and expensive dinners because, as is typical among my species of debtor, I tell myself that Martinis and expensive dinners are the entire point — the point of being young, the point of living in New York City, the point of living.
What is this about?" Me (clearing my throat): "Well, Mr. Debtor, I'm an associate at Law Firm & Associates calling with regard to your Household Bank Visa account, on which you owe $4,500.33.
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Apparently -- the single-paragraph Opinion of the Florida court being much less than a model of clear legal drafting -- that court also believed that it was necessary for WinSouth to have domesticated the Alabama Judgment against all three debtors (i.e., including Chris and John Richards) because they owed joint and several liability to WinSouth.
If this didn't work and a canny debtor realised I was just some 22-year-old cold-calling them, I'd give vague replies such as, "Well, I haven't passed the bar in Montana yet," or, "I am an associate of this law firm".
"We're talking about millions and millions of dollars that mortgage servicers are extracting from debtors that I think are totally unlawful and illegal," said O. Max Gardner III, a lawyer in Shelby, N.C., specializing in consumer bankruptcies.
Both experts used the same three methods to determine the Debtor's value: (i) comparable company analysis; (ii) comparable transaction analysis; and (iii) discounted cash flow.
The key components of a comparable company analysis are the Debtor's EBITDA (i.e., earnings before interest, taxes, depreciation and amortization) and the selection of an appropriate multiple to apply to the EBITDA to arrive at enterprise value.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com