Is it ok to email the school and tell them to use my Oct LSAT score even if they explicitly say that they will consider your application as incomplete if you're registered to take a future LSAT? Because my Oct score is enough for their school, but I'm also trying to get a better score for some other schools...
Does anyone know how to handle situations like this?
@corywonglaw921 said:
D actually has a very specific problem: the word "discharge."
Discharging debt means you don't have to pay it.
Traditional bankruptcy means liquidation and creditors getting back certain % of their investment. The modern law focuses on restructuring, so the company can continue to function as well as have a plan for satisfying obligations.
Here we need to make a "reasonable assumption" - satisfying debt means to completely cover it. Why would the Au agree that restructuring would lead to more debt getting written off, if the whole purpose of the process is to increase the likelihood that the debt is actually paid? We can go as far as to say that D goes against the premises that we were operating under.
With E we have another "reasonable assumption." In modern day economics credit is the lifeline of business. Higher cost of credit increases the financial burden on the business that is taking it. Since liquidation does not involve gaining access to new credit per se, it is reasonable to assume that the added cost does not apply.
I am not a fan of LSAC's "reasonable assumptions" idea at all, but with time and practice your intuition definitely starts picking up on that distinction.
Hey! Thank you for your explanations I'm also struggling with this question. I have a follow up question:
You mentioned that "Why would the Au agree that restructuring would lead to more debt getting written off, if the whole purpose of the process is to increase the likelihood that the debt is actually paid?" Where do you find support that show author's POV as being supporting a particular side/theory? Because, besides the last paragraph where the author is pointing out some weaknesses in Korobkin's approach, I couldn't find anything that definitively show the author's opinion. "We can go as far as to say that D goes against the premises that we were operating under." Could you elaborate a bit more on the premisses that we were operating under?
Thanks in advance!