summary administration

English translation: (شهادة) إدارة مصغرة / مقتضبة (لممتلكات الجهة المفلسة)

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Arabic term or phrase:summary administration
English translation:(شهادة) إدارة مصغرة / مقتضبة (لممتلكات الجهة المفلسة)
Entered by: Assem AlKhallouf

22:14 Feb 17, 2018
Arabic to English translations [PRO]
Law/Patents - Law: Contract(s)
Arabic term or phrase: summary administration
1) The power to appoint a person as trustee of a Power to make bankrupt's estate (whether the first such trustee or a trustee appointments.
appointed to fill any vacancy) is exercisable-
(a) except at a time when a certificate for the summary administration of the bankrupt's estate is in force, by a general meeting of the bankrupt's creditors ;
aya omar
Egypt
(شهادة) إدارة مصغرة / مقتضبة (لممتلكات الجهة المفلسة)
Explanation:
(certificate for) the summary administration of (the bankrupt's estate)

“Summary Administration” is a type of probate proceeding in Nevada that exists as an alternative to the full probate proceeding known as a “General Administration.” It’s intended to help modest sized estates avoid some of the cost and delay of general administration. Summary Administration is available only to probate estates that have less than $300,000 of assets (when added together). Keep in mind that you are allowed to subtract any liabilities (such as a mortgage or a car loan) when determining the value of the assets in the estate.

"Summary Administration If the bankrupt is an individual and the realizable assets do not exceed $10,000, the provisions in the Act relating to summary administrations apply.12 In effect, a summary administration is a bankruptcy with little or no unencumbered assets. Until the 1992 amendments to the Act, the threshold was ..."
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Assem AlKhallouf
Syria
Local time: 12:21
Grading comment
4 KudoZ points were awarded for this answer



Summary of answers provided
4(شهادة) إدارة مصغرة / مقتضبة (لممتلكات الجهة المفلسة)
Assem AlKhallouf


  

Answers


35 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5
(شهادة) إدارة مصغرة / مقتضبة (لممتلكات الجهة المفلسة)


Explanation:
(certificate for) the summary administration of (the bankrupt's estate)

“Summary Administration” is a type of probate proceeding in Nevada that exists as an alternative to the full probate proceeding known as a “General Administration.” It’s intended to help modest sized estates avoid some of the cost and delay of general administration. Summary Administration is available only to probate estates that have less than $300,000 of assets (when added together). Keep in mind that you are allowed to subtract any liabilities (such as a mortgage or a car loan) when determining the value of the assets in the estate.

"Summary Administration If the bankrupt is an individual and the realizable assets do not exceed $10,000, the provisions in the Act relating to summary administrations apply.12 In effect, a summary administration is a bankruptcy with little or no unencumbered assets. Until the 1992 amendments to the Act, the threshold was ..."


    Reference: http://www.crosslawgroup.com/blog/what-is-summary-administra...
Assem AlKhallouf
Syria
Local time: 12:21
Native speaker of: Native in ArabicArabic, Native in EnglishEnglish
PRO pts in category: 12
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