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German to English translations [PRO]
Bus/Financial - Finance (general) | | German term or phrase: Insolvenzmasse | | Im Insolvenzfall....darf das Fondsvermögen nicht der Insolvenzmasse zugeschlagen werden. |
| caitrionaKudoZ activityQuestions: 917 ( 10 open) ( 7 without valid answers) Answers: 5
| Local time: 23:50
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| | are not available for distribution to the creditors | Explanation:
This is presumably because the assets in the fund are protected as a proprietary interest, i.e. held on trust for the investors.
Creditors who have personal contractual claims against the company could not claim the assets in the fund because they are the property of the investors.
In a personal bankruptcy this is known as the bankrupt's estate. |
| Selected response from:
Anne Gillard-Groddeck
Local time: 00:50
| Grading comment | 4 KudoZ points were awarded for this answer |
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28 mins confidence: peer agreement (net): +1 are not available for distribution to the creditors
Explanation:
This is presumably because the assets in the fund are protected as a proprietary interest, i.e. held on trust for the investors.
Creditors who have personal contractual claims against the company could not claim the assets in the fund because they are the property of the investors.
In a personal bankruptcy this is known as the bankrupt's estate.
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