privilegio su mobili

English translation: privilege/secured claim over movable property

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07:59 Feb 12, 2018
Italian to English translations [PRO]
Bus/Financial - Business/Commerce (general) / insolvency
Italian term or phrase: privilegio su mobili
Art. 53 (Creditori muniti di pegno o privilegio su mobili)
I crediti garantiti da pegno o assistiti da privilegio a norma degli articoli 2756 e 2761 del codice civile possono essere realizzati anche durante il fallimento, dopo che sono stati ammessi al passivo con prelazione.
Per essere autorizzato alla vendita il creditore fa istanza al giudice delegato, il quale, sentiti il curatore e il comitato dei creditori, stabilisce con decreto il tempo della vendita, determinandone le modalità a norma dell'articolo 107.
Il giudice delegato, sentito il comitato dei creditori, se è stato nominato, può anche autorizzare il curatore a riprendere le cose sottoposte a pegno o a privilegio, pagando il creditore, o ad eseguire la vendita nei modi stabiliti dal comma precedente.
garrett higgins
Local time: 18:33
English translation:privilege/secured claim over movable property
Explanation:
Insolvency - this is one kind (of the very many) types of in the ranking of rights for creditors. In Garzanti Business English the term comes under 'privilegio generale (sui tutti i beni mobili del debitore)', but privilegio can also be translated as 'right' or 'lien'.

Thomson Reuters provide a good guide to Insolvency in Italy. Under Section 2. Creditor and contributory ranking they describe 'crediti privilegiati' (which I assume is related closely to 'privilegio') as 'secured claims' which rank just beneath those with 'pegni' pledges: 'Among secured creditors, claims secured by a pledge rank ahead of claims with statutory priority over specific movable assets.'
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Nick_Baker
United Kingdom
Local time: 18:33
Grading comment
thanks
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Summary of answers provided
5 +1privilege/secured claim over movable property
Nick_Baker


  

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1 day 9 hrs   confidence: Answerer confidence 5/5 peer agreement (net): +1
privilege/secured claim over movable property


Explanation:
Insolvency - this is one kind (of the very many) types of in the ranking of rights for creditors. In Garzanti Business English the term comes under 'privilegio generale (sui tutti i beni mobili del debitore)', but privilegio can also be translated as 'right' or 'lien'.

Thomson Reuters provide a good guide to Insolvency in Italy. Under Section 2. Creditor and contributory ranking they describe 'crediti privilegiati' (which I assume is related closely to 'privilegio') as 'secured claims' which rank just beneath those with 'pegni' pledges: 'Among secured creditors, claims secured by a pledge rank ahead of claims with statutory priority over specific movable assets.'


    https://uk.practicallaw.thomsonreuters.com/8-501-9255?transitionType=Default&contextData=(sc.Default)&firstPage=true&bhcp=1
Nick_Baker
United Kingdom
Local time: 18:33
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 8
Grading comment
thanks

Peer comments on this answer (and responses from the answerer)
agree  Peter Cox
14 hrs
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