grado di prelazione

English translation: ranking of the claim

06:26 Aug 13, 2016
Italian to English translations [PRO]
Law (general)
Italian term or phrase: grado di prelazione
The Judicial Commissioner's Report regarding an insolvent company:

Procedimento di Concordato Preventivo in continuità

I creditori che per la data d’udienza avranno precisato il loro credito saranno ammessi al voto per l’importo verificato dal sottoscritto, mentre per tutti gli altri l’ammissione al voto sarà considerata per l’importo derivante dalle scritture contabili al grado di prelazione indicato dalla ricorrente, escludendo dal computo la quota di privilegio attribuita.


Is grado di prelazione simply seniority? Is it the same as quota di privilegio? I'm getting confused!

Thanks for any help.
Juliet Halewood (X)
Local time: 20:00
English translation:ranking of the claim
Explanation:
An alternative. Higher ranking creditors are given priority and are paid first.

https://www.google.co.uk/search?num=30&safe=off&q="ranking o...
Selected response from:

James (Jim) Davis
Seychelles
Local time: 22:00
Grading comment
Selected automatically based on peer agreement.
4 KudoZ points were awarded for this answer



Summary of answers provided
4 +2ranking of the claim
James (Jim) Davis
4 +1priority of the claim or claim priority
Alison Kennedy
3priority ranking (of claims)
Adrian MM. (X)


  

Answers


2 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +1
priority of the claim or claim priority


Explanation:
I would say it like this because priority indicates the degree. For the second term "quota di privilegio", I would use "allocated preferential share".
Alison

Alison Kennedy
Italy
Local time: 20:00
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 654

Peer comments on this answer (and responses from the answerer)
agree  writeaway
3 hrs
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2 hrs   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +2
ranking of the claim


Explanation:
An alternative. Higher ranking creditors are given priority and are paid first.

https://www.google.co.uk/search?num=30&safe=off&q="ranking o...

James (Jim) Davis
Seychelles
Local time: 22:00
Works in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 1667
Grading comment
Selected automatically based on peer agreement.

Peer comments on this answer (and responses from the answerer)
agree  writeaway
3 hrs

agree  Peter Cox
3 days 2 hrs
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2 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5
priority ranking (of claims)


Explanation:
pace Alison K., quota di privilegio: preferential dividend (in the scheme vs. in bankruptcy) e.g. zjr first 6 months of a company employee's entitlement to pay may rank as secured and the balance as an ordinary, unsecured or non-preferential debt.

Example sentence(s):
  • shares receive a preferential dividend amounting to 4 % of their portion of the share .

    Reference: http://uk.practicallaw.com/9-518-5211?q=&qp=&qo=&qe=
Adrian MM. (X)
Local time: 20:00
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 769
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