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  3. Law (general)

reconocer un crédito a alguien

English translation: recognise a claim in favour of somebody

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Spanish term or phrase:reconocer un crédito a alguien
English translation:recognise a claim in favour of somebody

12:50 Nov 30, 2018
    The asker opted for community grading. The question was closed on 2018-12-03 20:54:07 based on peer agreement (or, if there were too few peer comments, asker preference.)


Spanish to English translations [PRO]
Law/Patents - Law (general)
Spanish term or phrase: reconocer un crédito a alguien
This is from some bankruptcy proceedings in Spain.

se solicita que se reconozca a la entidad bancaria un crédito por importe de €x.

de reconocerse algún crédito a la entidad actora


I see that the EU translates it as "to register a recovery claim" but I'm not sure if that applies here. Also, if that were the correct translation, I am having trouble fitting in the 'a'.

Could the first sentence be translated as something like "the bank wishes to register a recovery claim for €x"?
Matthew Dykes
Luxembourg
Local time: 08:56
recognise a claim in favour of somebody
Explanation:

Hi,

The sentence could be translated as
"It is requested that a claim in the amount of € x be recognised in favour of the bank."

That's how insolvency proceedings work. You, being one of the creditors, file your claim against the debtor and it is either recognised by the insolvency administrator (provided that there are sufficient insolvency funds in the kitty from the liquidation of the insolvent's assets to settle your claim and the regulations under applicable law are fulfilled and you have filed the claim properly) or you are out of luck.

Cheers,

A. & S. Witte PartG
Selected response from:

A. & S. Witte
Germany
Local time: 08:56
Grading comment
Selected automatically based on peer agreement.
4 KudoZ points were awarded for this answer



Summary of answers provided
4 +2recognise a claim in favour of somebody
A. & S. Witte


  

Answers


3 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +2
recognise a claim in favour of somebody


Explanation:

Hi,

The sentence could be translated as
"It is requested that a claim in the amount of € x be recognised in favour of the bank."

That's how insolvency proceedings work. You, being one of the creditors, file your claim against the debtor and it is either recognised by the insolvency administrator (provided that there are sufficient insolvency funds in the kitty from the liquidation of the insolvent's assets to settle your claim and the regulations under applicable law are fulfilled and you have filed the claim properly) or you are out of luck.

Cheers,

A. & S. Witte PartG

A. & S. Witte
Germany
Local time: 08:56
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 4
Grading comment
Selected automatically based on peer agreement.
Notes to answerer
Asker: That's very informative and helpful, it's crystal clear now, thank you :)


Peer comments on this answer (and responses from the answerer)
agree  philgoddard: Or register the bank as a creditor.
2 hrs
  -> Thank you.
agree  Robert Carter
8 hrs
  -> Thanks.
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