konkursboer, akkordboer

English translation: (UK) insolvency administrators vs. scheme (of arrangement) trustees

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Norwegian term or phrase:konkursboer, akkordboer
English translation:(UK) insolvency administrators vs. scheme (of arrangement) trustees
Entered by: Adrian MM. (X)

12:30 Jun 12, 2014
Norwegian to English translations [Non-PRO]
Law/Patents - Law (general)
Norwegian term or phrase: konkursboer, akkordboer
This is the administrator of the insolvent company, am I right? but, which is the difference?

"Det legges til grunn at bade utenlandske konkursboer og akkordboer ma anerkjennes som representant for kreditorfellesskapet for norske domstoler."

Thanks!
Henrik Hdez.-Villaescus Hirsch
Spain
Local time: 09:36
(UK) insolvency administrators vs. scheme of arrangement trustees
Explanation:
In the US, there can be insolvent 'estates' and Chapter 12 'bankruptcies' of corporations.

Deed of arrangement in the UK is for individuals and scheme of arrangement for partnerships and companies.
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Adrian MM. (X)
Local time: 09:36
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3(UK) insolvency administrators vs. scheme of arrangement trustees
Adrian MM. (X)


  

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17 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5
(UK) insolvency administrators vs. scheme of arrangement trustees


Explanation:
In the US, there can be insolvent 'estates' and Chapter 12 'bankruptcies' of corporations.

Deed of arrangement in the UK is for individuals and scheme of arrangement for partnerships and companies.



    Reference: http://en.wikipedia.org/wiki/Administration_%28law%29
    Reference: http://www.allaboutmoney.com/debt-advice/debt-arrangement-sc...
Adrian MM. (X)
Local time: 09:36
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Native speaker of: Native in EnglishEnglish
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