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se alzasen con los mismos o los liquidasen

English translation: fraudulently dispose of or conceal

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)

Spanish term or phrase:	se alzasen con los mismos o los liquidasen
English translation:	fraudulently dispose of or conceal
Entered by:	Sherry Godfrey

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16:57 Nov 5, 2009

Spanish to English translations [PRO]
Bus/Financial - Finance (general)

Spanish term or phrase: se alzasen con los mismos o los liquidasen

From a loan agreement:

Si la PARTE ACREDITADA o cualquiera de sus integrantes incumpliesen las obligaciones de información económica o
no depositaren, estando legalmente obligados a hacerlo, sus cuentas anuales en el Registro Mercantil o no se hallasen al corriente en el pago de sus obligaciones tributarias, con la Seguridad Social o con sus trabajadores, incurriese en morosidad frente a otros acreedores, padeciesen embargo sobre sus bienes, **se alzasen con los mismos o los liquidasen**, incurriesen en causa legal de disolución, o si cualquiera de los fiadores fuese declarado en concurso...

...that they dispose of the assets?
TIA!!

Sherry Godfrey KudoZ activity Questions: 1170 (10 open) (54 closed without grading) Answers: 31 Spain
Local time: 08:30

fraudulently dispose of or conceal

Selected response from:

John Rynne
Spain
Local time: 08:30

Grading comment

Thanks to you both.
4 KudoZ points were awarded for this answer

Summary of answers provided

fraudulently dispose of or conceal

John Rynne

were to conceal or dispose the said assets (or property)

spaniard89

Answers

22 mins confidence:

fraudulently dispose of or conceal

Explanation:
"Alzamiento de bienes" is a crime where a party that is declared insolvent or bankrupt conceals assets that could be used to pay off creditors or sells them to friends for below their true value (possibly with a view to recovering them later).

Reference: http://www.tengodeudas.com/definiciones/alzamiento-de-bienes
Reference: http://www.proz.com/kudoz/spanish_to_english/finance_general...

John Rynne
Spain
Local time: 08:30
Specializes in field
Native speaker of:

English
PRO pts in category: 398

Grading comment

Thanks to you both.

16 mins confidence:

were to conceal or dispose the said assets (or property)

Explanation:
Mira el link de kudoz :)

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Note added at 39 minutos (2009-11-05 17:37:29 GMT)
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OK... me comí el "of" de "dispose of".

Entonces queda: "were to conceal or dispose of the said assets (or property)"

Reference: http://www.proz.com/kudoz/spanish_to_english/finance_general...

spaniard89
Spain
Local time: 08:30
Works in field
Native speaker of: