GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
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10:18 Sep 19, 2019 |
Dutch to English translations [PRO] Law/Patents - Law (general) / legacies, estate | |||||||
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| Selected response from: Kitty Brussaard Netherlands Local time: 08:17 | ||||||
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Summary of answers provided | ||||
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4 +3 | personally liable |
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5 | liable in terms of your personal assets |
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4 | liable with your private assets |
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liable with your private assets Explanation: I think either of these would do: “your private assets are liable for” “liable with your private assets” see e.g.: ▶ Unincorporated business structures (Rechtvormen zonder rechtspersoonlijkheid) In these unincorporated legal forms, you (and your private assets) are liable for the debts of your business. [...] ▶ Incorporated business structures (Rechtvormen met rechtspersoonlijkheid) In these incorporated legal forms you and your private assets are, in most cases, protected from the debts of your business. (https://www.iamexpat.nl/career/entrepreneur-netherlands/how-... ) -------------------------------------------------- Note added at 27 mins (2019-09-19 10:46:37 GMT) -------------------------------------------------- … in the event of an insolvent estate, you are liable for any debts with your private assets |
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personally liable Explanation: in uw privévermogen aansprakelijk voor de schulden van de overledene >> personally liable (to creditors) for the decedent's debts |
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Notes to answerer
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