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צו קבלת נכסים

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18:10 Jan 27, 2012

Hebrew to English translations [PRO]
Law/Patents - Law (general)

Hebrew term or phrase: צו קבלת נכסים

האם מישהו יודעים איך זה נקרא באנגלית?

ההקשר - תקנון של חברה

משרת חבר דירקטוריון תתפנה מאליה אם ניתן נגדו צו קבלת נכסים או הוכרז כפושט רגל כל עוד לא הופטר

OOGIT KudoZ activity Questions: 264 (7 open) (41 closed without grading) Answers: 8
Local time: 12:48

Summary of answers provided

Receiving Order

Ty Kendall

bankruptcy order

wizard_of_words

administrative receivership

Gad Kohenov

Discussion entries: 2

Answers

5 hrs confidence:

bankruptcy order

Explanation:
Re administrative receivership:
According to the Wikipedia, and other sources, administrative receivership refers to an institution or enterprise being held by a receiver
In the United States, "Several regulatory entities have been granted power by the Congress to place banking and financial institutions into receivership "
"Administrative receivership is a procedure in the United Kingdom[13] whereby a creditor can enforce security against a company's assets in an effort to obtain repayment of the secured debt.
"Administrative receivership differs from simple receivership in that an administrative receiver is appointed over all of the assets and undertaking of the company."
http://en.wikipedia.org/wiki/Receivership

Re Receiving Order:
According to TFD,
"receiving order (Law) Brit, obsolete a court order appointing a receiver to manage the property of a debtor or bankrupt.
Official name bankruptcy order"
http://www.thefreedictionary.com/receiving order

According to Answers.com,
the term bankruptcy order, "A court order that makes a debtor bankrupt. When the order is made, ownership of all the debtor's property is transferred either to a court officer known as the official receiver or to a trustee appointed by the creditors," "replaced both the former receiving order and adjudication order in bankruptcy proceedings."
http://www.answers.com/topic/bankruptcy-order

wizard_of_words
Local time: 12:48
Specializes in field
Native speaker of:

Hebrew,

English
PRO pts in category: 15

41 mins confidence:

Receiving Order

Explanation:
According to Moses:
צו קבלת נכסים נגד
receiving order against....

Also:
http://www.debtwatchdog.com/Glossary/Receiving-Order/

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Note added at 43 mins (2012-01-27 18:53:52 GMT)
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"by virtue of an administration order, the appropriate court may, if it thinks fit, revoke the administration order and make a receiving order against that person. ..."
http://www.legislation.gov.uk/ukpga/1976/60/section/11/enact...

Typo Above: Should be "Mozes" not "Moses" - Unfortunately I haven't had a divine revelation.

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Note added at 54 mins (2012-01-27 19:04:45 GMT)
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Another example from Articles of Association (same context - almost same sentence):
"The office of Director is vacated if he resigns, or if he becomes bankrupt or has a receiving order against him or compounds with his creditors..."
http://www.plus-sx.com/infostore/Company-Accounts/CapEnergy/...

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Note added at 13 hrs (2012-01-28 08:06:27 GMT)
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OLD HABITS DIE HARD
Whilse "bankruptcy order" might be the new-fangled terminology, you'll still find very current websites/documents using "Receiving Order"
Here are some places you'll find very current usage:
http://www.signsupply.co.uk/terms.php (30/04/2011)
http://www.bankruptcy-insolvency.co.uk/trust_deeds/completin...
http://www.cimbbank.com.my/index.php?ch=19&pg=133&ac=22&bb=3... (2012).
Including the Office of the Superintendent of Bankruptcy Canada:
(although their usage fluctuates/is a little inconsistent)
"Bankrupt ( Failli )
A natural person or corporation who has made a voluntary assignment in bankruptcy or against whom a receiving order has been made"
http://www.ic.gc.ca/eic/site/bsf-osb.nsf/eng/br01467.html

Ty Kendall
United Kingdom
Local time: 10:48
Specializes in field
Native speaker of:

English
PRO pts in category: 60

5 hrs confidence:

administrative receivership

Explanation:
A court order whereby all the property subject to dispute in a legal action is placed under the dominion and control of an independent person known as a receiver.

Receiving Order = צו כינוס

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Note added at 93 days (2012-04-30 13:30:23 GMT)
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? שאלה זו עוד לא סגורה

Gad Kohenov
Local time: 12:48
Works in field
Native speaker of:

French,

Hebrew
PRO pts in category: 500

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KudoZ™ translation helpThe KudoZ network provides a framework for translators and others to assist each other with translations or explanations of terms and short phrases.

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