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  3. Business/Commerce (general)

escussione di un obbligato principale

English translation: attempt to collect from the principal debtor

09:01 Feb 12, 2018
Italian to English translations [PRO]
Bus/Financial - Business/Commerce (general) / insolvency
Italian term or phrase: escussione di un obbligato principale
Art. 55 (Effetti del fallimento sui debiti pecuniari)
La dichiarazione di fallimento sospende il corso degli interessi convenzionali o legali, agli effetti del concorso, fino alla chiusura del fallimento, a meno che i crediti non siano garantiti da ipoteca, da pegno o privilegio, salvo quanto è disposto dal terzo comma dell'articolo precedente.
I debiti pecuniari del fallito si considerano scaduti, agli effetti del concorso, alla data di dichiarazione del fallimento.
I crediti condizionali partecipano al concorso a norma degli articoli 96, 113 e 113-bis. Sono compresi tra i crediti condizionali quelli che non possono farsi valere contro il fallito, se non previa escussione di un obbligato principale.

collection/enforcement by ?
garrett higgins
Local time: 18:50
English translation:attempt to collect from the principal debtor
Explanation:
...something like "contingent claims include those claims where the creditor is required to first attempt to collect from a principal debtor prior to proceeding against the insolvent debtor." That is, claims whose existence are contingent upon the inability of the principal debtor to discharge its obligation... There's a bit of an explanation in the last footnote here: https://goo.gl/rJLPbv
Selected response from:

Dan Newton
Local time: 19:50
Grading comment
thanks
4 KudoZ points were awarded for this answer



Summary of answers provided
3attempt to collect from the principal debtor
Dan Newton


Discussion entries: 1





  

Answers


11 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5
attempt to collect from the principal debtor


Explanation:
...something like "contingent claims include those claims where the creditor is required to first attempt to collect from a principal debtor prior to proceeding against the insolvent debtor." That is, claims whose existence are contingent upon the inability of the principal debtor to discharge its obligation... There's a bit of an explanation in the last footnote here: https://goo.gl/rJLPbv

Dan Newton
Local time: 19:50
Native speaker of: English
PRO pts in category: 8
Grading comment
thanks
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