Glossary entry (derived from question below)
Spanish term or phrase:
Concurso preventivo
English translation:
Reorganization proceedings; Meeting of creditors
Added to glossary by
Ltemes
Jul 1, 2004 17:53
19 yrs ago
37 viewers *
Spanish term
Works in: Spanish to English
Concurso preventivo
Spanish to English
Law/Patents
Law: Contract(s)
Quiebras
Termino legal que se refiere a la etapa previa a la quiebra de una empresa
Proposed translations
(English)
Proposed translations
+2
8 mins
Selected
reorganization proceedings; meeting of creditors
a few option. Meeting of creditors prior to filing bankruptcy.
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Note added at 9 mins (2004-07-01 18:02:46 GMT)
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TROUBLED COMPANY REPORTER
... Infobae earlier reported that the Company is asking for \"concurso preventivo\" permission
from Buenos Aires Court No. 1, to start reorganization proceedings. ...
bankrupt.com/TCRLA_Public/030609.mbx - 37k - Cached - Similar pages
[ More results from bankrupt.com ]
Cleary Gottlieb | News and Publications | Recent Assignments ...
... a judicially confirmed consensual reorganization plan approved ... an alternative to the
concurso preventivo, or full-blown insolvency proceeding, in response ...
www.cgsh.com/english/news/NewsDetail.aspx?id=1667 - 14k - Cached - Similar pages
[PDF] Addressed to: Partners of CGC, Suppliers and Customers, Grantors ...
File Format: PDF/Adobe Acrobat - View as HTML
... CGC”) has reached an agreement with the requisite amount of its creditors under
the Reorganization Proceedings (“Concurso Preventivo”) that are taken ...
www.cgc.com.ar/2/Press Release_en.pdf - Similar pages
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Note added at 9 mins (2004-07-01 18:02:46 GMT)
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TROUBLED COMPANY REPORTER
... Infobae earlier reported that the Company is asking for \"concurso preventivo\" permission
from Buenos Aires Court No. 1, to start reorganization proceedings. ...
bankrupt.com/TCRLA_Public/030609.mbx - 37k - Cached - Similar pages
[ More results from bankrupt.com ]
Cleary Gottlieb | News and Publications | Recent Assignments ...
... a judicially confirmed consensual reorganization plan approved ... an alternative to the
concurso preventivo, or full-blown insolvency proceeding, in response ...
www.cgsh.com/english/news/NewsDetail.aspx?id=1667 - 14k - Cached - Similar pages
[PDF] Addressed to: Partners of CGC, Suppliers and Customers, Grantors ...
File Format: PDF/Adobe Acrobat - View as HTML
... CGC”) has reached an agreement with the requisite amount of its creditors under
the Reorganization Proceedings (“Concurso Preventivo”) that are taken ...
www.cgc.com.ar/2/Press Release_en.pdf - Similar pages
Peer comment(s):
| agree |
Refugio
: Also "preventive agreement" http://www.signetramos.com/laws/bankruptcy-intro.htm
1 hr
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Thank you. And you're absolutely right about "preventive agreement".
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| agree |
Karina Pellegrineschi
3 days 17 hrs
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Gracias Karina.
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4 KudoZ points awarded for this answer.
Comment: "Thanks this was the exact term I was looking for. Procedure previous to a proposal for arrangement or default."
+2
5 mins
Sandra Cifuentes Dowling
Chile
Chile
Native in Spanish
Chile
Politics, Education 22 years exp
Native in: Spanish (Variants: Chilean, Latin American)
Works in: English to Spanish, Spanish
Related KudoZ points
:
24
arrangement with creditor to avoid bankruptcy
Glosario de M. Orellana.
Peer comment(s):
| agree |
Olivella
: A este arrangement lo he visto como precautionary agreement
37 mins
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No lo sé. Tal vez también podría ser. Gracias, Olivella.
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| agree |
Silvina Matheu
: Estoy de acuerdo, pero creditors va en plural
1 hr
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Yo creo que no necesariamente. Gracias, Silvina.
|
5 mins
bankruptcy proposal
bankruptcy proposal
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Note added at 8 mins (2004-07-01 18:01:19 GMT)
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\"More businesses \"go under\" or fail than is necessary! Very often a business can be \"saved\" if caught in time. Even if a company is insolvent it may be possible to save the company by using a provision under the Bankruptcy and Insolvency Act to file a Proposal, (an arrangement) with the creditors of the company.\"
http://www.sands-trustee.com/busprop.htm
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Note added at 8 mins (2004-07-01 18:01:19 GMT)
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\"More businesses \"go under\" or fail than is necessary! Very often a business can be \"saved\" if caught in time. Even if a company is insolvent it may be possible to save the company by using a provision under the Bankruptcy and Insolvency Act to file a Proposal, (an arrangement) with the creditors of the company.\"
http://www.sands-trustee.com/busprop.htm
42 mins
Precautionary agreement
El concurso preventivo es cuando la empresa presenta concordato preventivo (precautionary agreement) a sus acreedores, como lo explicaron antes.
48 mins
Chapter 11 re-organisation ( AE): arrangement with creditors to ward off insolvency (BE)
My answer to almost the same question this week. Also many worthy or worthier translations in ProZ glossaries.
BE: (corp.) scheme/ (pers.) deed of arrangement to AVOID banruptcy. Also: CVA - company voluntary arrangement v. IVA - individual vol. arrangement, all introduced by the UK Insolvency Act and Rules 1986.
Prev. Pro answer: Answerer: Marian Greenfield Aug 3 2003
Answer: meeting of creditors [before declaration of bankruptcy]
... What happens when you go to court for the first meeting of creditors in a bankruptcy case. ...'
BE: (corp.) scheme/ (pers.) deed of arrangement to AVOID banruptcy. Also: CVA - company voluntary arrangement v. IVA - individual vol. arrangement, all introduced by the UK Insolvency Act and Rules 1986.
Prev. Pro answer: Answerer: Marian Greenfield Aug 3 2003
Answer: meeting of creditors [before declaration of bankruptcy]
... What happens when you go to court for the first meeting of creditors in a bankruptcy case. ...'
+1
1 hr
preventive receivership (UK) / filing under Chapter 11 (US)
I usually put both, unless I know the nationality of my readers
23 mins
reorganization in bankruptcy
Declined
According to the Law and Business Dictionary by Thomas West (it is the one I like the most, although it is not an Argentine dictionary).
According to Argentine dictionaries, here's what I found: "meeting of creditors to approve and insolvent's plan of reorganization" (Cabanellas de las Cuevas); "composition with creditos" or "scheme of arrangement" (diccionario de Terminología Jurídica, de Mazzucco).
Here you have the definition, in case it helps.
Argentinian's Law: Judicial proceeding conducted under the supervision of a court-appointed official (síndico) in which the debtor retains possession of his assets and stops making payments. This proceeding can only be requested by the debtor, never by the creditors.
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Note added at 1 hr 51 mins (2004-07-01 19:44:42 GMT)
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Sorry, Argentinian Law, no apostrophe.
According to Argentine dictionaries, here's what I found: "meeting of creditors to approve and insolvent's plan of reorganization" (Cabanellas de las Cuevas); "composition with creditos" or "scheme of arrangement" (diccionario de Terminología Jurídica, de Mazzucco).
Here you have the definition, in case it helps.
Argentinian's Law: Judicial proceeding conducted under the supervision of a court-appointed official (síndico) in which the debtor retains possession of his assets and stops making payments. This proceeding can only be requested by the debtor, never by the creditors.
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Note added at 1 hr 51 mins (2004-07-01 19:44:42 GMT)
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Sorry, Argentinian Law, no apostrophe.
Comment: "Mist helpful but it just came a short time after the one I selected. Thanks a lot!"
10 hrs
Celeste Orellana Issaly
Native in Spanish
Specializes in field
Fast and accurate translation services
Native in: Spanish 
Works in: English to Spanish
Reorganization proceedings
Reorganization= Barron's Dictionay of Business Terms.
Discussion