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quitas en propuestas concursales

English translation: write-offs in composition with creditors proposals


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GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Spanish term or phrase:quitas en propuestas concursales
English translation:write-offs in composition with creditors proposals
Entered by: Margarita Palatnik
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16:14 Sep 5, 2005
Spanish to English translations [PRO]
Bus/Financial - Finance (general) / debt recovery management
Spanish term or phrase: quitas en propuestas concursales
I tnink this refers to some sort of debt relief in a bankruptcy proceeding
millbara
write-offs in composition with creditors proposals
Explanation:
[PDF] A NEW INSOLVENCY LAW FOR RUSSIA:
composition procedure is cumbersome and riddled with wrong incentives); ...
Creditors should be free to accept any amount of debt write-offs they see fit. ...
www.oecd.org/dataoecd/49/10/1929855.pdf -
Selected response from:

Margarita Palatnik
Local time: 23:05
Grading comment
Selected automatically based on peer agreement.
4 KudoZ points were awarded for this answer



Summary of answers provided
5 +5write-offs in composition with creditors proposalsMargarita Palatnik
4discounts/reductions in bankruptcy proposals
Isabel Vazquez
4debt reduction in tenders (tender proposals)xxxLia Fail


  

Answers


14 mins   confidence: Answerer confidence 5/5 peer agreement (net): +5
write-offs in composition with creditors proposals


Explanation:
[PDF] A NEW INSOLVENCY LAW FOR RUSSIA:
composition procedure is cumbersome and riddled with wrong incentives); ...
Creditors should be free to accept any amount of debt write-offs they see fit. ...
www.oecd.org/dataoecd/49/10/1929855.pdf -

Margarita Palatnik
Local time: 23:05
Specializes in field
Native speaker of: Native in SpanishSpanish
PRO pts in category: 607
Grading comment
Selected automatically based on peer agreement.

Peer comments on this answer (and responses from the answerer)
agree  MPGS: :) ... :)
1 hr
  -> Gracias, MPGS!

agree  milliecoquis: agree
1 hr
  -> muchas gracias, milliecoquis

agree  jorgeberlin: es buena
4 hrs
  -> Gracias, Jorge

agree  xxxLia Fail: except that it's creditor proceedings:-)
8 hrs
  -> well, the proposal is part of the whole composition with creditors proceeding... the company/debtor proposes, the creditors accept or decline

agree  Leopoldo Gurman: =:)
22 hrs
  -> Gracias, Leopoldo!
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1 hr   confidence: Answerer confidence 4/5Answerer confidence 4/5
debt reduction in tenders (tender proposals)


Explanation:
quitas y esperas often go together.

see http://www.proz.com/?sp=h&id=236266

and see http://www.translators-translate.com/question_archive.asp?q=...

legal term: request by insolvent for reduction of debts and extension of time for paying them.
Reference:
Glosario internacinal para el traductor de Marina Orellana


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Note added at 1 hr 52 mins (2005-09-05 18:06:18 GMT)
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Please ignore 'tenders (tender proposals)', and repalce with creditor proceedings

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Note added at 1 hr 52 mins (2005-09-05 18:06:51 GMT)
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[RTF] REPRESENTATION
File Format: Rich Text Format - View as HTML
... that his claim was one he could have set up in the creditor's proceedings.
... the creditor's proceedings where leave would have been required to do so, ...
www.findlaw.com.au/cases/caseRTF.asp?id=373504 - 4 Sep 2005 - Similar pages

[Unesco] Denmark Chapter 3 & 4 & 5 & 6
(2) Copies of the work shall not be subject to creditor proceedings either when
remaining with the author or when with any person to whom copies have been ...
www.unesco.org/culture/ copy/copyright/denmark/page2.html - 24k - Cached - Similar pages

Northern Ireland Assembly Official Report - Tuesday 18 June 2002
... for small companies that will give them time, free from the threat of immediate
creditor proceedings, to attempt to set up a voluntary arrangement. ...
www.niassembly.gov.uk/record/reports/020618.htm - 338k - Cached - Similar pages



xxxLia Fail
Spain
Local time: 04:05
Native speaker of: Native in EnglishEnglish
PRO pts in category: 50
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2 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5
discounts/reductions in bankruptcy proposals


Explanation:
Hay tres formas en que los acreedores en un concurso pueden dar condiciones más ventajosas al deudor. Son la quita, la espera y la remisión. La primera significa que se reduce la cantidad adeudada, es realmente un "relief" de parte de la deuda. Puede ser un porcentaje o una cantidad fija.

Isabel Vazquez
Local time: 23:05
Specializes in field
Native speaker of: Native in SpanishSpanish
PRO pts in category: 20
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