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  3. Law (general)

creditore procedente

English translation: foreclosing creditor

09:03 Dec 20, 2019
Italian to English translations [PRO]
Law/Patents - Law (general)
Italian term or phrase: creditore procedente
It's from a insolvency document.

In questi mesi la Società ha con ogni sforzo provato a trovare una
situazione in grado di svincolare dal Pignoramento XXX gli ingenti crediti
pignorati, in prima battuta tentando, invano, un dialogo col creditore
procedente (il quale nel concordato avrebbe la concreta prospettiva di
essere soddisfatto nella misura minima del 20%, mentre in caso di
fallimento della Società,
Rory Andrew Gale
France
Local time: 03:43
English translation:foreclosing creditor
Explanation:
https://www.farrellfritz.com/the-foreclosing-secured-credito...

https://resources.lawinfo.com/foreclosure/how-do-creditors-g...
Selected response from:

Silvia Marinucci
Italy
Local time: 03:43
Grading comment
3 KudoZ points were awarded for this answer



Summary of answers provided
3foreclosing creditor
Silvia Marinucci
3 -1execution (proceeding to levy) creditor
Adrian MM.


  

Answers


26 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5
foreclosing creditor


Explanation:
https://www.farrellfritz.com/the-foreclosing-secured-credito...

https://resources.lawinfo.com/foreclosure/how-do-creditors-g...

Silvia Marinucci
Italy
Local time: 03:43
Specializes in field
Native speaker of: Native in ItalianItalian
PRO pts in category: 21
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3 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): -1
execution (proceeding to levy) creditor


Explanation:
procedere a un'esecuzione forzata > to levy execution: Garzanti.

Maybe there is a main creditor precipitating the concordato as a result of trying to enforce a judgment debt.

Quaere: bankruptcy court for AG procedente in the web ref. - IMO is more like a judicial enforcement body.

Example sentence(s):
  • Execution (post-judgment) creditor: one who, having recovered a judgment against the debtor for his debt or claim, has also caused an execution to be issued thereon.

    Reference: http://www.proz.com/kudoz/italian-to-english/law-general/717...
Adrian MM.
Austria
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 342

Peer comments on this answer (and responses from the answerer)
disagree  Silvia Marinucci: This document is not about "esecuzione forzata", it is about PIGNORAMENTO (foreclosure). In Italian law, these two phases are different. The execution you're talikng about is a prerequisite of the foreclosure. I'm afraid you confused these two phases.
21 mins
  -> Foreclosure of a mortgage - you must know more about the context than me - is execution levied against narrowly specific types of property like land (or chattels in the USA).
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