Glossary entry

Italian term or phrase:

domande di concordato preventivo

English translation:

request for debt settlement agreement

    The asker opted for community grading. The question was closed on 2022-09-27 12:54:19 based on peer agreement (or, if there were too few peer comments, asker preference.)
Sep 23, 2022 15:34
1 yr ago
20 viewers *
Italian term

domande di concordato preventivo

Italian to English Bus/Financial Accounting
Buongiorno a tutti,
sto traducendo un testo per commercialisti e revisori legali.

Ecco l'altra espressione di cui non sono certa della traduzione in inglese. Dopo qualche ricerca sono arrivata a questa ipotesi:
2. domande di concordato preventivo: "preliminary compositions with creditors"

Cosa ne pensate?
Avete altri suggerimenti?

Grazie!

Proposed translations

1 hr
Selected

request for debt settlement agreement

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4 KudoZ points awarded for this answer. Comment: "Penso che questa sia la soluzione migliore per il mio contesto. Grazie a tutti per l'aiuto!"
1 hr

company voluntary arrangement (UK) OR chapter 11 bankruptcy procedure (US)

Scusa eccezionalmente mi permetto un secondo suggerimento se il contesto è il diritto fallimentare delle società

https://www.companyrescue.co.uk/guides-knowledge/what-is/wha...

https://www.investopedia.com/ask/answers/differences-between...
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1 hr
Italian term (edited): domanda/e di concordato preventivo

composition scheme application/s; (UK) petition/s for an arrangement with creditors

Request(s) for a (BrE) personal deed of arrangement (cf. an IVA = individual voluntary arrangement since 1986) vs. a corporate scheme of arrangement (cf. a CVA = company volunary arrangement ince 1986) & (AmE) Creditor composition agreement.

I'm unsure prelim. needs (to) be spelt out.

deed of arrangement; deed of assignment; *composition with creditors, Garzanti.

Note that, in England & Wales, deed is personal to an individual e.g. a sole trader and scheme of arrangement is for companies ..
Example sentence:

The company or its liquidator will apply to the Court by way of *petition* for the Court to approve the Scheme (of Arrangement)-.

A Composition with Creditors is an agreement among several creditors of a debtor, usually a business. Usually, the agreement involves paying a lessened amount over a period of time.

Note from asker:
many thanks for your suggestion and explanation! However, I think "request for debt settlement agreement" suits my text best!
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2 days 17 hrs

preliminary creditor arrangements

seems pretty common term
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