quita o espera, concurso de acreedores
English translation: postponement of payment and debt reduction
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| 07:29 Feb 17, 2003 |
| Spanish to English translations [Non-PRO] Bus/Financial / assignment of accounts receivable | ||||
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| 4 | Moratorium / body of creditors in bankruptcy |
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Answers
1 hr confidence: 
Moratorium / body of creditors in bankruptcy Explanation: The mentioned composition between creditors and debtor must be consented by a sufficent majority of creditors and it usually implies a postponemenmt in the payment (ESPERA), a debt reduction (QUITA) or a combination of both (QUITA Y ESPERA). Eurodicatom Reference: http://216.239.33.100/search?q=cache:v3oJkm0uhzIC:europa.eu.... |
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