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09:21 Jan 15, 2003
English to German translations [PRO] Bus/Financial
English term or phrase:mass debts
Konkursverfahren - Einladung zur Gläubigerversammlung
Hearing to decide on the requested receivership by the debtor.
The debts with you relative to the actual business management incurred for goods or services on a date following the receivership decree, are considered mass debts. As a result they shall be satisfied with the profits accrued during the receivership period and they need to be approved, at least, by one of the temporary receivers.