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Rehabilitation/conservatorship/reorganization

French translation: le plan/projet de réhabilitation, etc

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GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
English term or phrase:Rehabilitation/conservatorship/reorganization
French translation:le plan/projet de réhabilitation, etc
Entered by: Evert DELOOF-SYS
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00:26 Mar 1, 2000
English to French translations [PRO]
Bus/Financial
English term or phrase: Rehabilitation/conservatorship/reorganization
This document discusses the failure of a company ; the context is as follows :
"the Commissioner put the company into a CONSERVATORSHIP"; The plan of REORGANIZATION was comprised ....." Then there is a plan of REHABILITATION.
I wonder if these three don't mean the same.
Thanks for your help.
andrejur
le plan/projet de réhabilitation, etc
Explanation:
Even though you may almost translate the terms literally ("plan/projet de réhabilitation", "plan/projet de réorganisation" and "sous un syndic de la faillite, (le curateur)", there are distinct differences between the three terms.
In short:
When a company goes bankrupt, it may be placed into a conservatorship, meaning that a person (the conservator or 'le curateur/syndic de la faillite') will be appointed who will be responsible for the person(s) (here: the company itself) and properties of an incompetent or bankrupt company.
This person will then 'protect' the company against further claims, etc until final decisions regarding the future of the company are taken.

The 'plan de réhabilitation' will contain the restoration measures to be taken to bring the company back to its full potential for use (e.g. find new capital, etc).

The 'plan de réorganisation' will contain a.o. the description of the measures and/or the implementation of the business plan in order to restructure the company/corporation.

The following website gives you a.o. some good definitions, but you'll surely find many more other pages on the net dealing with this subject (e.g. www.nolo.com/product/CNSV/summary_CNSV.html).

Etc
Selected response from:

Evert DELOOF-SYS
Belgium
Local time: 07:39
Grading comment
4 KudoZ points were awarded for this answer

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Summary of answers provided
nale plan/projet de réhabilitation, etc
Evert DELOOF-SYS


  

Answers


4 hrs
le plan/projet de réhabilitation, etc


Explanation:
Even though you may almost translate the terms literally ("plan/projet de réhabilitation", "plan/projet de réorganisation" and "sous un syndic de la faillite, (le curateur)", there are distinct differences between the three terms.
In short:
When a company goes bankrupt, it may be placed into a conservatorship, meaning that a person (the conservator or 'le curateur/syndic de la faillite') will be appointed who will be responsible for the person(s) (here: the company itself) and properties of an incompetent or bankrupt company.
This person will then 'protect' the company against further claims, etc until final decisions regarding the future of the company are taken.

The 'plan de réhabilitation' will contain the restoration measures to be taken to bring the company back to its full potential for use (e.g. find new capital, etc).

The 'plan de réorganisation' will contain a.o. the description of the measures and/or the implementation of the business plan in order to restructure the company/corporation.

The following website gives you a.o. some good definitions, but you'll surely find many more other pages on the net dealing with this subject (e.g. www.nolo.com/product/CNSV/summary_CNSV.html).

Etc


    Reference: http://www.onelook.com
Evert DELOOF-SYS
Belgium
Local time: 07:39
Native speaker of: Native in DutchDutch, Native in FlemishFlemish
PRO pts in pair: 395
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