stayed from

Portuguese translation: ficam suspensas

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
English term or phrase:stayed from
Portuguese translation:ficam suspensas
Entered by: Luana Fernandes

19:08 Oct 10, 2013
English to Portuguese translations [PRO]
Bus/Financial - Finance (general) / falência
English term or phrase: stayed from
In Chapter 11, pre-bankruptcy creditors are, for the most part, stayed from enforcement remedies and do not receive payment of principal or interest while the company seeks to rationalize its business and formulate a plan of reorganization to restructure its balance sheet.
Luana Fernandes
Brazil
Local time: 09:31
ficam suspensas
Explanation:
http://en.wikipedia.org/wiki/Automatic_stay
In United States bankruptcy law, an automatic stay is an automatic injunction that halts actions by creditors, with certain exceptions, to collect debts from a debtor who has declared bankruptcy. Under section 362 of the United States Bankruptcy Code,[1] the stay begins at the moment the bankruptcy petition is filed. Secured creditors may, however, petition the bankruptcy court for relief from the automatic stay upon a showing of cause.

http://pt.wikipedia.org/wiki/Falência
A nova lei dá ênfase especial para a recuperação judicial e extrajudicial das empresas, de modo que as empresas com problemas de liquidez poderão fazer um projeto de recuperação, sem interrupção de suas atividades. No caso do plano de recuperação judicial ser aceito pelo juiz, as ações de execução dos credores*** ficam suspensas*** por 180 dias, podendo esse prazo ser prorrogado por mais 90 dias. A recuperação das empresas substitui a atual concordata que era uma prerrogativa dada aos devedores comerciantes, em dificuldades, para recuperarem a empresa. A concessão da concordata dependia do atendimento de determinados requisitos e dava aos comerciantes a possibilidade de pagar suas dívidas, em condições privilegiadas, no prazo de até 2 anos, mediante pagamento de 40% dos seus débitos no primeiro ano e 60% no segundo ano.

http://en.wikipedia.org/wiki/Stay_of_execution
Selected response from:

Gilmar Fernandes
United States
Local time: 08:31
Grading comment
4 KudoZ points were awarded for this answer



Summary of answers provided
4 +2ficam suspensas
Gilmar Fernandes


  

Answers


49 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +2
ficam suspensas


Explanation:
http://en.wikipedia.org/wiki/Automatic_stay
In United States bankruptcy law, an automatic stay is an automatic injunction that halts actions by creditors, with certain exceptions, to collect debts from a debtor who has declared bankruptcy. Under section 362 of the United States Bankruptcy Code,[1] the stay begins at the moment the bankruptcy petition is filed. Secured creditors may, however, petition the bankruptcy court for relief from the automatic stay upon a showing of cause.

http://pt.wikipedia.org/wiki/Falência
A nova lei dá ênfase especial para a recuperação judicial e extrajudicial das empresas, de modo que as empresas com problemas de liquidez poderão fazer um projeto de recuperação, sem interrupção de suas atividades. No caso do plano de recuperação judicial ser aceito pelo juiz, as ações de execução dos credores*** ficam suspensas*** por 180 dias, podendo esse prazo ser prorrogado por mais 90 dias. A recuperação das empresas substitui a atual concordata que era uma prerrogativa dada aos devedores comerciantes, em dificuldades, para recuperarem a empresa. A concessão da concordata dependia do atendimento de determinados requisitos e dava aos comerciantes a possibilidade de pagar suas dívidas, em condições privilegiadas, no prazo de até 2 anos, mediante pagamento de 40% dos seus débitos no primeiro ano e 60% no segundo ano.

http://en.wikipedia.org/wiki/Stay_of_execution

Gilmar Fernandes
United States
Local time: 08:31
Works in field
Native speaker of: Native in PortuguesePortuguese, Native in EnglishEnglish
PRO pts in category: 64

Peer comments on this answer (and responses from the answerer)
agree  Douglas Bissell: Sounds fine to me Gilmar, nice one
4 mins
  -> Thanks Doug. Long time no see :)

agree  Claudio Mazotti
39 mins
  -> Valeu, Cláudio :)
Login to enter a peer comment (or grade)



Login or register (free and only takes a few minutes) to participate in this question.

You will also have access to many other tools and opportunities designed for those who have language-related jobs (or are passionate about them). Participation is free and the site has a strict confidentiality policy.

KudoZ™ translation help

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


See also:

Your current localization setting

English

Select a language

Term search
  • All of ProZ.com
  • Term search
  • Jobs
  • Forums
  • Multiple search