The Law Dictionary

FORCED HEIRS

TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.

In Louisiana. Those persons whom the testator or donor cannot deprive of the portion of his estate reserved for them by law, except in cases where he has a just cause to disinherit them. … [Read more...]

FORCED SALE

TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.

A sale that is made pursuant to an order and against the seller's wishes, e.g. as part of an order of a bankruptcy court to sell an asset for the purpose of distributing the proceeds to creditors. Where a court order provides for the sale of goods by a creditor, typically occurring where a company declares bankruptcy and the creditors force sales of the remaining assets to pay … [Read more...]

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