11:33 Aug 3, 2000 |
Spanish to English translations [Non-PRO] Law/Patents | ||||
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| Selected response from: Heathcliff United States Local time: 01:17 | |||
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credit recognition / revision Explanation: I would like to see this words in the context, but I thikn it means credit revision / analysis. |
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acknowledgement / admission of credit Explanation: Ayudaría el contexto; estas serían las opciones si lo que se quiere decir es que el crédito que alguien tiene es reconocido como tal. Suerte! |
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Credit re-evaluation Explanation: or, Credit rate revision. Mucho gusto. Luis M. Luis |
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acknowledgment of indebtedness Explanation: Whereas the phrase "suspensión de pagos" by itself refers simply to a suspension of payments by a company, a "juicio de suspensión de pagos" is an actual insolvency proceeding, i.e., a type of reorganization proceeding (short of an actual declaration of bankruptcy by a company) in which the appointment of a trustee or financial supervisor is usually required. One step in this proceeding is the "reconocimiento de crédito," in which the company being reorganized admits that credit has been extended to it (either voluntarily or as a result of the non-payment of its debts) by the parties with whom it has business relationships, and states that it owes money to those parties -- in other words, the company being reorganized acknowledges its indebtedness to its creditors. |
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re "convenio preventivo": Explanation: In this context, it's a temporary or provisional agreement between the company and its creditors, usually monitored by the trustee or supervisor, under which the company promises to perform, or refrain from performing, certain acts (usually of a financial nature) while the reorganization proceedings are underway. -- " Marshalling claims" is what the creditors do, specifically when they gather all their information about the debts owed to them by the company and present those claims to the court or to the trustee. This step can take place either before or after the debtor formally acknowledges its debts. -- Best, HC |
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