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  3. Law: Contract(s)

administration order

Norwegian translation: rettskjennelse for nedbetaling av gjeld

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
English term or phrase:administration order
Norwegian translation:rettskjennelse for nedbetaling av gjeld
Entered by: Robert Sommerfelt (X)

21:23 Jun 28, 2010
English to Norwegian translations [PRO]
Law/Patents - Law: Contract(s)
English term or phrase: administration order
"Either party may terminate this (Contract) without liability on giving notice in writing to the other party if the other party has a petition presented to any court for its winding up or for an administration order or if the other party passes a resolution or suffers an order of a court to be made for its winding up, or if a receiver or administrative receiver is appointed, or if anything occurs which is analogue to any of the foregoing under the law of any jurisdiction"
Robert Sommerfelt (X)
Norway
Local time: 06:59
Rettskjennelse for nedbetaling av gjeld
Explanation:
Taken from http://www.debtadvicebureau.org.uk/explained/administration_...

"Administration Orders
What is an Administration Order?

An Administration Order is a court order which covers your outstanding debts. Under it you would make a monthly payment to the court, who will then distribute that money on a pro rata basis amongst your creditors.

For ‘administering’ the order, the court will take 10% of your payment as handling fees to cover their costs, which they will deduct directly from your monthly payments.

Whilst the order is in place no creditor included in the order, without the leave of the court, will be allowed to take action against you. In addition, debt collection procedures and letters against you will be stopped."
Selected response from:

Erik Matson
Thailand
Local time: 11:59
Grading comment
Takk!
3 KudoZ points were awarded for this answer



Summary of answers provided
2Rettskjennelse for nedbetaling av gjeld
Erik Matson


  

Answers


7 days   confidence: Answerer confidence 2/5Answerer confidence 2/5
Rettskjennelse for nedbetaling av gjeld


Explanation:
Taken from http://www.debtadvicebureau.org.uk/explained/administration_...

"Administration Orders
What is an Administration Order?

An Administration Order is a court order which covers your outstanding debts. Under it you would make a monthly payment to the court, who will then distribute that money on a pro rata basis amongst your creditors.

For ‘administering’ the order, the court will take 10% of your payment as handling fees to cover their costs, which they will deduct directly from your monthly payments.

Whilst the order is in place no creditor included in the order, without the leave of the court, will be allowed to take action against you. In addition, debt collection procedures and letters against you will be stopped."

Example sentence(s):
  • "...kreditor har rett til å få en rettskjennelse for betalingen, som suppleres erklæring om gjennomførbarheten er grunnlaget for håndheving lensmann"

    Reference: http://katalog.avki.pl/no/biznes,i,ekonomia/windykacja,s,722...
Erik Matson
Thailand
Local time: 11:59
Native speaker of: Native in NorwegianNorwegian, Native in EnglishEnglish
PRO pts in category: 3
Grading comment
Takk!
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