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Translation glossary: Bankruptcy

Creator:
Terejimenez
Terejimenez
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liquidated claimA creditor\'s claim for a fixed amount of money. 
English
liquidationA sale of a debtor\'s property with the proceeds to be used for the benefit of creditors. 
English
motion to lift the automatic stayA request by a creditor to allow the creditor to take an action against a debtor or the debtor\'s property that would otherwise be prohibited by the a 
English
no-asset caseA chapter 7 case where there are no assets available to satisfy any portion of the creditors\' unsecured claims. 
English
nondischargeable debtA debt that cannot be eliminated in bankruptcy. 
English
objection to dischargeA trustee\'s or creditor\'s objection to the debtor\'s being released from personal liability for certain dischargeable debts. 
English
objection to exemptionsA trustee\'s or creditor\'s objection to a debtor\'s attempt to claim certain property as exempt, i.e., not liable for any prepetition debt of the deb 
English
participación alicuotapro rata share 
Spanish to English
party in interestA party who is actually and substantially interested in the subject matter, as distinguished from one who has only a nominal on technical interest in 
English
plaintiffA person or business that files a formal complaint with the court. 
English
planA debtor\'s detailed description of how the debtor proposes to pay creditors\' claims over a fixed period of time. 
English
postpetition transferA transfer of a debtor\'s property made after the commencement of the case. 
English
prebankruptcy planningThe arrangement (or rearrangement) of a debtor\'s property to allow the debtor to take maximum advantage of exemptions. (Prebankruptcy planning typica 
English
preferential debt paymentA debt payment made to a creditor in the 90-day period before a debtor files bankruptcy (or within one year if the creditor was an insider) that gives 
English
priorityThe Bankruptcy Code\'s statutory ranking of unsecured claims that determines the order in which unsecured claims will be paid if there is not enough m 
English
priority claimAn unsecured claim that is entitled to be paid ahead of other unsecured claims that are not entitled to priority status. Priority refers to the order 
English
proof of claimA written statement, filed by a creditor, describing the reason a debtor owes the creditor money. (There is an official form for this purpose.) 
English
property of the estateAll legal or equitable interests of the debtor in property as of the commencement of the case. 
English
reliefremedios solicitados o concedidos por un tribunal 
English to Spanish
remanente no cobradouncollected surplus 
Spanish to English
schedulesLists submitted by the debtor along with the petition (or shortly thereafter) showing the debtor\'s assets, liabilities, and other financial informati 
English
secured creditorAn individual or business holding a claim against the debtor that is secured by a lien on property of the estate or that is subject to a right of seto 
English
secured debtDebt backed by a mortgage, pledge of collateral, or other lien; debt for which the creditor has the right to pursue specific pledged property upon def 
English
Severance MotionRecurso de Indemnización por Despido 
English to Spanish
statement of financial affairsA series of questions the debtor must answer in writing concerning sources of income, transfers of property, lawsuits by creditors, etc. (There is an 
English
statement of intentionA declaration made by a chapter 7 debtor concerning plans for dealing with consumer debts that are secured by property of the estate. 
English
substantial abuseThe characterization of a bankruptcy case filed by an individual whose debts are primarily consumer debts where the court finds that the granting of r 
English
substantive consolidationPutting the assets and liabilities of two or more related debtors into a single pool to pay creditors. (Courts are reluctant to allow substantive cons 
English
transferAny mode or means by which a debtor disposes of or parts with his/her property. 
English
trusteeThe representative of the bankruptcy estate who exercises statutory powers, principally for the benefit of the unsecured creditors, under the general 
English
typing serviceA business not authorized to practice law that prepares bankruptcy petitions. 
English
undersecured claimA debt secured by property that is worth less than the amount of the debt. 
English
United States trusteeAn officer of the Justice Department responsible for supervising the administration of bankruptcy cases, estates, and trustees, monitoring plans and d 
English
unlawful detainer actionA lawsuit brought by a landlord against a tenant to evict the tenant from rental property--usually for nonpayment of rent. 
English
unliquidated claimA claim for which a specific value has not been determined. 
English
unscheduled debtA debt that should have been listed by a debtor in the schedules filed with the court but was not. (Depending on the circumstances, an unscheduled deb 
English
unsecured claimA claim or debt for which a creditor holds no special assurance of payment, such as a mortgage or lien; a debt for which credit was extended based sol 
English
voluntary transferA transfer of a debtor\'s property with the debtor\'s consent. 
English
ya no tiene ninguna expectativawill no longer be a beneficiary 
Spanish to English
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