09:01 Feb 12, 2018 |
Italian to English translations [PRO] Bus/Financial - Business/Commerce (general) / insolvency | |||||||
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| Selected response from: Dan Newton Local time: 19:41 | ||||||
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Summary of answers provided | ||||
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3 | attempt to collect from the principal debtor |
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Discussion entries: 1 | |
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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 |
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