Glossary entry

Catalan term or phrase:

concurs de creditors

English translation:

creditors' meeting

Added to glossary by Ryszard Matuszewski
Jan 11, 2008 12:51
16 yrs ago
2 viewers *
Catalan term

concurs de creditors

Catalan to English Law/Patents Law: Contract(s)
concurs de creditors DR MERC Reunió de creditors davant el jutge, en mans del qual el deutor ha de fer cessió dels béns per a pagar a cadascú segons el grau del seu crèdit.

Proposed translations

+1
4 mins
Selected

creditors' meeting

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Note added at 6 mins (2008-01-11 12:58:12 GMT)
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Creditors Meeting
A meeting held at which creditors can put forward their views and vote on resolutions put before them.

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Note added at 7 mins (2008-01-11 12:59:08 GMT)
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InsolvencyThe normal purpose of a creditors' meeting is to inform the creditors of the financial position of the insolvent individual or company, and report on the ...
www.securetransact.net/infosheets/business/creditors_meetin... - 8k -


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Note added at 8 mins (2008-01-11 13:00:49 GMT)
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European Commission - European Judicial Network - Bankruptcy - SpainThis insolvency proceeding is called “concurso de acreedores” (“creditors’ meeting”). A debtor is in a situation of insolvency if he cannot meet his ...
ec.europa.eu/civiljustice/bankruptcy/bankruptcy_spa_en.htm - 69k -
Peer comment(s):

agree Aïda Garcia Pons
3 mins
Thanks, Aida.
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4 KudoZ points awarded for this answer. Comment: "ThanKs!"
+1
3 hrs

composition (see explanation)

This is the equivalent of the French "concordat" where the creditors come to an agreement in order to avoid the bankruptcy.
LeDocte also mentions 'bankrupt's certificate' and 'discharge in bankruptcy'. COMPOSITION seems to mee the correct expression.
Peer comment(s):

agree Heathcliff : "composition of creditors" (the formal business English term) would also work.
6 days
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1 day 4 hrs

(corporate) committee of inspection

Reunió de creditors surely is the creditors' committee.

Unclear if DR MERC is a priv. individ. or a corp. - in which in the UK a committee of inspection is rare.
Example sentence:

Are companies required to commence insolvency proceedings in particular ... The creditors may also elect a committee of inspection of between three and five ...

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