Explain the Process by Which Duke University Relaxes Its Admissions

question 4

Essay

Explain the process by which Duke University relaxes its admissions standards to make space for students from rich or influential families that lack long-standing ties to the institution.

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Definitions:

Nonexempt Assets

Assets that can be seized in a bankruptcy proceeding because they are not protected by exemption laws.

Avoidance Powers

Legal abilities granted typically to a trustee in bankruptcy to nullify certain transactions made by the debtor before bankruptcy to ensure equitable distribution of assets to creditors.

Bankruptcy Trustee

An individual or corporation appointed in a bankruptcy case to represent the interests of the bankruptcy estate and the creditors.

Debtor's Property

refers to all tangible or intangible assets owned by an individual or entity who owes money to another party.